Price-fixing meaning

The setting of artificially high prices for goods or services by unlawful agreement of competing companies.
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Governmental setting of prices for goods or services.
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The setting or maintenance of prices at a certain level, esp. by competitors in collusion.
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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.
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Price fixing by competitors on the same level, such as all supermarkets selling cereal for the same price.
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Price fixing between or among parties at different levels of distribution, such as manufacturers and distributors trying to control retail price.
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(law): In antitrust law, collusion between competitors in order to raise prices, at the expense of competitive pricing.
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