- price-fixing ˈprice-ˌfixing noun [uncountable]1. COMMERCE LAW when companies in an industry agree on the prices they will charge for something. This form of price-fixing is done so that companies avoid competing with each other, and is normally illegal:
• The EU investigated international telephone agreements to see if there was price-fixing in violation of EU competition rules.
• Japan's Fair Trade Commission ordered 13 ink makers to break up a price-fixing cartel (= arrangement between a group of companies ) .2. COMMERCE LAW when a company tells the shops etc that sell its products how much they must charge for them. This form of price-fixing is sometimes illegal; = retail price Bre:
• The UK's last price-fixing arrangement was retail price maintenance for non-prescription medicines.3. ECONOMICS when a government decides the price at which something should be sold:
• government price-fixing for the sale of drugs to the National Health Service
* * *price-fixing UK US noun [U]► ECONOMICS, COMMERCE an illegal agreement between two or more companies about what they will charge their customers: »
The European Commission is investigating allegations of airline fare price-fixing.
Financial and business terms. 2012.
Look at other dictionaries:
Price fixing — is an agreement between business competitors to sell the same product or service at the same price.In general, it is an agreement intended to ultimately push the price of a product as high as possible, leading to profits for all the sellers.… … Wikipedia
price fixing — n. Conspiring with other individuals or companies in the same business to set prices instead of letting them be set by market forces, usually to restrict competition. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc … Law dictionary
price–fixing — price–fix·ing / prīs ˌfik siŋ/ n: the usu. illegal setting of prices artificially (as by producers) contrary to free market operations see also horizontal price fixing, vertical price fixing Merriam Webster’s Dictionary of Law. Merriam Webster.… … Law dictionary
price-fixing — price ,fixing noun uncount 1. ) an agreement between companies to charge the same price for a particular product, in order to keep the price high: Two leading airlines have been accused of price fixing. 2. ) PRICE CONTROL … Usage of the words and phrases in modern English
price-fixing — The organized setting of what the public will be charged for certain products or services agreed to by competitors in the marketplace in violation of the SHERMAN ANTI TRUST ACT (15 U.S.C.A. § 1 et seq.). Dictionary from West s Encyclopedia of… … Law dictionary
price fixing — price .fixing n [U] 1.) a system in which the government decides the prices of things = ↑price control 2.) an agreement between producers and sellers of a product to set its price at a high level … Dictionary of contemporary English
price fixing — n. the setting or maintenance of prices at a certain level, esp. by competitors in collusion … English World dictionary
Price Fixing — Establishing the price of a product or service, rather than allowing it to be determined naturally through free market forces. Antitrust legislation makes it illegal for businesses to decide to fix their prices under specific circumstances.… … Investment dictionary
price fixing — the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity. Also, price fixing. [1945 50] * * * price fixing, 1. the control of prices by a governmental agency. 2. an… … Useful english dictionary
price-fixing — noun control (by agreement among producers or by government) of the price of a commodity in interstate commerce • Topics: ↑government, ↑governing, ↑governance, ↑government activity, ↑administration • Hypernyms: ↑control * * * ˈprice f … Useful english dictionary