price-fixing


price–fix·ing

noun \ˈprīs-ˌfik-siŋ\

: 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

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

First Known Use of PRICE-FIXING

1920

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