price fixing

Or price-fixing

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.

price-fixing

noun

1. the setting of prices by agreement among producers and distributors

2. another name for price control resale price maintenance

price fixing

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

Word History and Origins

Origin of price fixing¹

First recorded in 1945–50

Example Sentences

In fact, they made so much that the company is currently under investigation by the Department of Justice for alleged price fixing, resulting in a 4 percent drop in its stock.

Read more on Slate

A 2011 lawsuit alleging price fixing by some of the same egg producers resulted in a jury finding against the producers in 2023.

Read more on Slate

Case in point: In 2020, the state of New York referenced Urner Barry in a lawsuit focused on price fixing during the pandemic, alleging that wholesale producers “use Urner Barry’s indexed prices as justification to set their own prices for the sale of eggs,” no matter how expensive they might be.

Read more on Slate

And how do we make sure that we're taking on corporate landlords that are price fixing right now, kind of like Jeff Jackson did as attorney general just recently in North Carolina, where there was a group of apartment companies that were price fixing through an algorithm and a legal loophole in order to to squeeze people out of as much money as possible for something that everybody needs, which is a roof to live under.

Read more on Salon

We have to show how our party is going to fight back against that so that the only determinant of whether or not you're able to own a home in the future was how hard you were willing to work, and how good your ideas are, not whether or not there's a corporation that is price fixing or buying up 10s tens of thousands of single family homes to try to squeeze you out of the market, or simply that there is not enough housing available.

Read more on Salon

Related Words

• restraint