price fixing
or price-fix·ing
- the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.
Show More
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
Any usually unlawful practice by which producers of a commodity act together to obtain an artificially high price.
Show More
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.