price-fixing

n 1. (Commerce) the setting of prices by agreement among producers and distributors 2. (Commerce) another name for price control, resale price maintenance

Thesaurus

Noun

price-fixing - control (by agreement among producers or by government) of the price of a commodity in interstate commercecontrol - the activity of managing or exerting control over something; "the control of the mob by the police was admirable"governing, government activity, government, governance, administration - the act of governing; exercising authority; "regulations for the governing of state prisons"; "he had considerable experience of government"

Translations

price-fixing

the setting of prices by agreement among producers and distributors

Price-Fixing

The organized setting of what the public will be charged for certain products or services agreed to by competitors in the marketplace in violation of the Sherman Anti-Trust Act (15 U.S.C.A. § 1 et seq.).

Horizontal price-fixing involves agreements to set prices made among one particular class of sellers—such as producers, wholesalers, or retailers.

Vertical price-fixing occurs between different categories of the sellers of products and services, such as between a manufacturer and wholesaler, wholesaler and distributor, or distributor and retailer.

Cross-references

Antitrust Law.

price-fixing

noun

Words related to price-fixing

noun control (by agreement among producers or by government) of the price of a commodity in interstate commerce

Related Words

control
governing
government activity
government
governance
administration

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