price fixing

- 4 dictionary results

price fixing

–noun

the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.

Also, price-fixing.

Origin:
1945–50

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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price fix·ing also price-fix·ing (prīs'fĭk'sĭng)
n.

The setting of commodity prices artificially by a government.
The result of an unlawful agreement between manufacturers or dealers to set and maintain specified prices on typically competing products.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

price fixing

Any usually unlawful practice by which producers of a commodity act together to obtain an artificially high price.

Financial Dictionary

Price Fixing

Establishing the price of a product or service, rather than allowing it to be determined naturally through free market forces. This procedure is often an illegal practice.

Investopedia Commentary

Different retailers have been accused of this for a long time!

Related Links

Antitrust Defined