(also price fixing)
Definition of price-fixing in English:
The maintaining of prices at a certain level by agreement between competing sellers.
- 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:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in India
Most popular in Pakistan