Definitions for price fixing
price fix·ing

WiktionaryRate this definition:0.0 / 0 votes

1. price fixingnoun

   In antitrust law, collusion between competitors in order to raise prices, at the expense of competitive pricing.

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1. Price fixing

   Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The intent of price fixing may be to push the price of a product as high as possible, leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied. Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders. For example, manufacturers and retailers may conspire to sell at a common "retail" price; set a common minimum sales price, where sellers agree not to discount the sales price below the agreed-to minimum price; buy the product from a supplier at a specified maximum price; adhere to a price book or list price; engage in cooperative price advertising; standardize financial credit terms offered to purchasers; use uniform trade-in allowances; limit discounts; discontinue a free service or fix the price of one component of an overall service; adhere uniformly to previously-announced prices and terms of sale; establish uniform costs and markups; impose mandatory surcharges; purposefully reduce output or sales in order to charge higher prices; or purposefully share or pool markets, territories, or customers.

How to pronounce price fixing?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say price fixing in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of price fixing in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of price fixing in Pythagorean Numerology is: 3

Examples of price fixing in a Sentence

1. Gerard Anderson:

   This is price fixing. This is setting the rates based upon international standards, it couldn't be more anti-Republican.

2. Bernie Sanders:

   Prices go up and up and up at the same level for the same companies, so what you do is you throw these people in jail if they engage in price-fixing.

3. Lawrence White:

   It strengthens the hand of investors in other price-fixing cases based on benchmarks that were reached in collaborative, or outright collusive, arrangements.

4. Michael Einhorn:

   For someone to say to me that I am price gouging or price fixing, I think is ridiculous, forget about cost, forget about price. Why aren't they sending me the masks or why aren't they sending my customers the masks ?

5. Ken Mahoney:

   These individuals are more prone to act out of character, and as crimes move away from physical acts, it is the unknown cybercrime we should be watching out for, criminals are always looking for ways to exploit individuals and businesses, so it is expected to see new scamming initiatives or price-fixing on new products. This isnt the first major pandemic we have lived through, but the effect and scope of the spread are unprecedented.

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Price_Fixing
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=price fixing