price fixing
Plural
price fixings
1
an agreement between business rivals to not sell products at a lower price
- The company was fined millions of dollars for engaging in price fixing with its competitors, violating antitrust laws.
- The investigation uncovered evidence of price fixing among major pharmaceutical companies, artificially inflating drug prices.
- Cartels often engage in price fixing to control market prices and limit competition, resulting in higher prices for consumers.
- The government has strict laws in place to prevent price fixing and ensure fair competition in the marketplace.
- Price fixing undermines the principles of free market competition and can harm consumers by limiting choices and driving up prices.