PRICEFIXING

Price fixing

Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.

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price fixing

Noun

  1. : In antitrust law, collusion between competitors in order to raise prices, at the expense of competitive pricing.


The above text is a snippet from Wiktionary: price fixing
and as such is available under the Creative Commons Attribution/Share-Alike License.

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