pricefixing

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. 2014.
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American Heritage
Cultural Dictionary

price fixing definition


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

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