price fixing Definition
price fixing
noun
the setting or maintenance of prices at a certain level, esp. by competitors in collusion
price fixing Law Definition
n
Artificially setting prices
at a certain level, in exception to the workings of a free market, or
conspiring to do same. The test is whether such actions or agreements restrain
free traders ability to sell according to those traders judgment.
horizontal price fixing
Price fixing by competitors on the same level, such as all
supermarkets selling cereal for the same price.
vertical price fixing
Price fixing between or among parties at different levels
of distribution, such as manufacturers and distributors trying to control
retail price.
Browse dictionary entries near price fixing
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