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Definition of price–fixing
: the setting of prices artificially (as by producers or government) contrary to free market operations
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First Known Use of price–fixing
1889
PRICE–FIXING Defined for English Language Learners
price-fixing
play
noun
Definition of price–fixing for English Language Learners
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: 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
Law Dictionary
price–fixing
play
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
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