price fixing

or price-fixing


noun

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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Origin of price fixing

First recorded in 1945–50
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

British Dictionary definitions for price fixing

price-fixing

noun

the setting of prices by agreement among producers and distributors
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Cultural definitions for price fixing

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.