Define price-fixing. price-fixing synonyms, price-fixing pronunciation, price-fixing translation, English dictionary definition of price-fixing. n 1. the setting of prices by agreement among producers and distributors 2. another name for price control, r
Define Pricefixing. Pricefixing synonyms, Pricefixing pronunciation, Pricefixing translation, English dictionary definition of Pricefixing. n. 1. The setting of artificially high prices for goods or services by unlawful agreement of competing companies.
1 ENTRIES FOUND: price–fixing(noun) price–fixing/ˈpraɪsˌfɪksɪŋ/noun Britannica Dictionary definition of PRICE–FIXING [noncount] :the usually illegal act or practice of agreeing with business competitors to set prices at a particular level instead of allowing prices to be deter...
and Giant Tiger Stores Ltd., among others, confessed to being involved in a bread price fixing scheme. The firms allegedly agreed to increase the price of bread by at least $1.5 over the years 2001 and 2015.
The meaning of FIXING is the act or process of one that fixes. How to use fixing in a sentence.
The meaning of VERTICAL PRICE-FIXING is an illegal arrangement in which parties at different levels of a system of production and distribution act to fix the market price of goods; especially : resale price maintenance.
Price Fixing The agreement to inhibit price competition by raising, depressing, fixing, or stabilizing prices is the most serious example of a per se violation under the Sherman Act. Under the act, it is immaterial whether the fixed prices are set at a maximum price, a minimum price, the ...
We're fixing to go to Colorado this summer. noun Informal. a position from which it is difficult to escape; predicament. Synonyms: quandary, plight, dilemma Informal. a repair, adjustment, or solution, usually of an immediate nature: Can you think of a fix for the problem? Navigation. ...
1price/ˈpraɪs/noun pluralprices Britannica Dictionary definition of PRICE 1 :the amount of money that you pay for something or that something costs [count] oil/gasprices You paid a high/low/reasonablepricefor the car. We bought the house at a goodprice. ...
Price-fixing refers to a practice in which multiple firm collaborate to set prices that would otherwise be determined by supply and demand within a competitive market. In general, it is illegal in the U.S. and suspected instances of price-fixing are subject to legal scrutiny and potential crim...