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LSDefine

Simple English definitions for legal terms

conscious parallelism

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A quick definition of conscious parallelism:

Conscious parallelism is when businesses change their prices to match their competitors without talking to them. This is different from price-fixing, which is illegal. Conscious parallelism is not illegal on its own, but it can still have bad effects on customers. For example, if all shipping companies raise their prices after the U.S. Postal Service does, customers will have to pay more for shipping. Even though businesses can do this without breaking the law, if there is other evidence that they are working together, they can still get in trouble.

A more thorough explanation:

Definition: Conscious parallelism is when businesses change their prices to match those of their competitors in a market without communicating or colluding with them. This is different from price-fixing, which involves an agreement between competitors and is illegal. Conscious parallelism is not illegal on its own, but it can have harmful effects similar to price-fixing.

For example, if all the shipping companies increase their package rates by 15% after the U.S. Postal Service does so, without ever speaking with employees of the Postal Service, this would be an example of conscious parallelism.

Businesses in very competitive markets, such as airlines, often engage in conscious parallelism to stay profitable. However, critics argue that this behavior can lead to higher prices for consumers and reduced competition in the market.

It's important to note that while conscious parallelism is not illegal on its own, other evidence in combination with conscious parallelism can lead to a charge of collusion.

conscientious objector | conscripting children

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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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