Cartoon Guy Holding Stack Of Books

Consumer Report

ABC Blocks

An undiscussed imitation by a business of a competitor’s action, such as changing prices up or down without the active conspiracy between business rivals, which would make this coincidental activity a violation of anti-trust laws. example: a) air chance airline offers a two-for-one special for all flights over 1,000 miles, and, within a week, several other airlines offer the same bargain. b) rumble oil company stations set gasoline prices at $1.38 for premium and the next day all gas stations in the rumble market area set their pumps at $1.38. coincidence? no, conscious parallelism.

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.