price-fixing

noun
price-fix·​ing | \ ˈprīs-ˌfik-siŋ How to pronounce price-fixing (audio) \

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

1889, in the meaning defined above

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Time Traveler for price-fixing

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The first known use of price-fixing was in 1889

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Cite this Entry

“Price-fixing.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price-fixing. Accessed 28 Sep. 2020.

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More Definitions for price-fixing

price-fixing

noun
How to pronounce price-fixing (audio)

English Language Learners 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

price-fixing

noun
price-fix·​ing | \ ˈprīs-ˌfik-siŋ \

Legal Definition of price-fixing

: the usually illegal setting of prices artificially (as by producers) contrary to free market operations — see also horizontal price-fixing, vertical price-fixing

More from Merriam-Webster on price-fixing

Britannica.com: Encyclopedia article about price-fixing

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