Conscious Parallelism Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Conscious Parallelism, written in plain English, along with examples of how it is used.

What is Conscious Parallelism?

The act of price fixing between competitors without actual discussion or agreement.One competitor would change the price and the others in the market would follow him with an unspoken mutual understanding.This act is a violation of anti-trust laws.