price fixing
control of prices (often by government agencies) | ||||
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Price fixing definition was found in categories: Business & Finance(2) Language, Idioms & Slang(1) Encyclopedia(1)
Price fixing Definition from Business & Finance Dictionaries & Glossaries
| MONASH Marketing Dictionary |
Price Fixing
agreement or collusion between competitors to maintain certain fixed price levels to avoid competition. See Horizontal Price Fixing; Vertical Price Fixing.
agreement or collusion between competitors to maintain certain fixed price levels to avoid competition. See Horizontal Price Fixing; Vertical Price Fixing.
| Raynet Business & Marketing Glossary |
Price Fixing
companies joining together too dictate the price of products; it is illegal.
companies joining together too dictate the price of products; it is illegal.
Price fixing Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
price-fixing
Noun
1. control (by agreement among producers or by government) of the price of a commodity in interstate commerce
(hypernym) control
(classification) government, governing, governance, government activity
Noun
1. control (by agreement among producers or by government) of the price of a commodity in interstate commerce
(hypernym) control
(classification) government, governing, governance, government activity
Price fixing Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Price fixing
Price fixing is an agreement between business competitors to sell the same product or service at the same price. In general, it is an agreement intended to ultimately push the price of a product as high as possible, leading to profits for all the sellers. Price-fixing can also involve any agreement to fix, peg, discount or stabilize prices. The principal feature is any agreement on price, whether express or implied. For the buyer, meanwhile, the practice results in a phenomenon similar to price gouging.
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