conscious parallelism
Price fixing that occurs without direct communication between the participants, but…Price fixing that occurs without direct communication between the participants, but where the participants instead intentionally follow one another in raising prices to maximize profits at the expense of competitive pricing.
Meaning
1 senses(US, uncountable)Price fixing that occurs without direct communication between the participants, but where the participants instead intentionally follow one another in raising prices to maximize profits at the expense of competitive pricing.
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable