What does price-fixing mean?
Definitions for price-fixing
price-fix·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word price-fixing.
Princeton's WordNet
price-fixingnoun
control (by agreement among producers or by government) of the price of a commodity in interstate commerce
ChatGPT
price-fixing
Price-fixing is an agreement or arrangement between competitors or businesses within the same industry to set, fix, maintain, or stabilize prices of goods or services, rather than allowing market forces to determine them. This is commonly seen as an illegal practice as it restricts competition and can significantly disadvantage consumers by inflating prices artificially. It often violates antitrust and competition laws.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of price-fixing in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of price-fixing in Pythagorean Numerology is: 3
Examples of price-fixing in a Sentence
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 ?
It strengthens the hand of investors in other price-fixing cases based on benchmarks that were reached in collaborative, or outright collusive, arrangements.
In creating Uber, Kalanick organized price-fixing among independent drivers who should be competing with one another on price, today's decision confirms that apps are not exempt from the antitrust laws.
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.
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.
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"price-fixing." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/price-fixing>.
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