conscientious parallelism

conscientious parallelism
Refers to the situation alleged to result in markets where there are few sellers and where, although lacking in an express agreement, the sellers appear to establish their prices in a "consciously parallel" fashion; also known as the "interdependence theory" of oligopoly pricing. Shapiro v. General Motors Corp., D.C.Md., 472 F.Supp. 636, 647

Black's law dictionary. . 1990.

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