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price-fixing

Syllabification: price-fix·ing
(also price fixing)

Definition of price-fixing in English:

noun

The maintaining of prices at a certain level by agreement between competing sellers.
Example sentences
  • Restrictive practices such as price-fixing agreements between competitors were often permitted providing they were not shown to be against the public interest.
  • A company spokesman says the quotes were taken out of context and the business is so competitive that price-fixing makes no sense.
  • The most serious forms of cartel identified by the authority were price-fixing, bid rigging and market sharing by competitors.

Definition of price-fixing in:

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Word of the day prepotent
Pronunciation: prɪˈpəʊt(ə)nt
adjective
greater than others in power or influence