Definition of price-fixing in English:


Line breaks: price-fixing


[mass noun]
A practice whereby rival companies come to an illicit agreement not to sell goods or services below a certain price.
More 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: