the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.
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- price break,
- price commission,
- price control,
- price controls,
- price discrimination,
- price index,
- price is right, the,
- price leadership,
- price list,
- price on one's head
Origin of price fixing
First recorded in 1945–50
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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.