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price fixing

or price-fix·ing

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noun
  1. the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.

Origin of price fixing

First recorded in 1945–50
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
price fixing in Culture

price fixing

Any usually unlawful practice by which producers of a commodity act together to obtain an artificially high price.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.