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Simple English definitions for legal terms

oligopolistic price coordination

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A quick definition of oligopolistic price coordination:

OLIGOPOLISTIC PRICE COORDINATION: When a few big companies in a market work together to set prices, it is called oligopolistic price coordination. This is also known as conscious parallelism or tacit collusion. It is considered illegal under antitrust laws.

A more thorough explanation:

Oligopolistic price coordination is when two or more businesses in a concentrated market intentionally engage in monopolistic conduct. This is also known as conscious parallelism or tacit collusion.

One example of oligopolistic price coordination is when two major airlines agree to keep their prices at the same level, even though they are supposed to be competing with each other. This can lead to higher prices for consumers and less competition in the market.

Another example is when two big companies in the same industry agree to divide up the market between them. For example, one company might agree to focus on selling their products in the eastern part of the country, while the other company focuses on the west. This can limit consumer choice and lead to higher prices.

These examples illustrate how oligopolistic price coordination can harm consumers by limiting competition and keeping prices artificially high. It is illegal under antitrust laws and can result in fines and other penalties for the companies involved.

oligarchy | oligopoly

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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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