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price–fixing

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noun price–fix·ing \ˈprīs-ˌfik-siŋ\

Simple Definition of price–fixing

  • : the usually illegal act or practice of agreeing with business competitors to set prices at a particular level instead of allowing prices to be determined by competition

Full Definition of price–fixing

  1. :  the setting of prices artificially (as by producers or government) contrary to free market operations

1920

First Known Use of price–fixing

1920


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