the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use price fixing in a sentence
"The price-fixing agreements were practiced over many years," said Andreas Mund of the Federal Cartel Office.
Moreover, this price fixing is not just a recent phenomenon.
There have been rumors about oil price fixing for decades, as well speculation about silver and Brent crude.
But the price fixing has been recorded back as far as 2005 and The Economist reports these practices go back at least 15 years.
The U.S. Department of Justice today filed an antitrust lawsuit against Apple and the five publishers, alleging price fixing.Amazon Is the Big Winner in Justice Dept. Suit Against Apple and 5 Publishers | Jimmy So | April 11, 2012 | THE DAILY BEAST
What are the evidences that price fixing is essentially involved in the program of the Food Administration?
Mr. Brookings was later placed in charge of price fixing and Judge Parker in charge of priorities.
Undaunted by failure in its first attempt to cope with the situation, the General Assembly made several attempts at price fixing.Tobacco in Colonial Virginia | Melvin Herndon
The control of an entire species of goods gives price-fixing power, limited only by substitution of goods.The Principles of Economics | Frank A. Fetter
Indeed, this is admitted by the more reasonable advocates of the regulation and price-fixing policy.Distributive Justice | John A. (John Augustine) Ryan
British Dictionary definitions for price-fixing
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
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.