conscious parallelism

Definition of "conscious parallelism"
  1. A situation when competitors adjust prices or business practices in response to a similar change made by another company, without having any formal agreement
How to use "conscious parallelism" in a sentence
  1. When one gas station raised its prices, instances of conscious parallelism occurred as surrounding stations also hiked their prices.
  2. Conscious parallelism was observed when several grocery stores simultaneously stopped providing plastic bags after the market leader started the trend.
  3. After the lead tech company removed headphone jacks from their phones, conscious parallelism was seen as several other manufacturers swiftly did the same.

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