Price Fixing Definition

The setting of artificially high prices for goods or services by unlawful agreement of competing companies.
American Heritage
The setting or maintenance of prices at a certain level, esp. by competitors in collusion.
Webster's New World
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.
Webster's New World Law

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