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

Browse

Next Word in the Dictionary: price index
Previous Word in the Dictionary: price–earnings ratio
All Words Near: price-fixing

Seen & Heard

What made you want to look up price-fixing? Please tell us where you read or heard it (including the quote, if possible).