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price-fixing

Line breaks: price-fixing

Definition of price-fixing in English:

noun

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