price fixing

or price-fixing


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

Origin of price fixing

1
First recorded in 1945–50

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

British Dictionary definitions for price-fixing

price-fixing

noun
  1. the setting of prices by agreement among producers and distributors

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Cultural definitions for price fixing

price fixing

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

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.