price fixing agreement
1Price fixing — is an agreement between business competitors to sell the same product or service at the same price.In general, it is an agreement intended to ultimately push the price of a product as high as possible, leading to profits for all the sellers.… …
2price fixing — n. Conspiring with other individuals or companies in the same business to set prices instead of letting them be set by market forces, usually to restrict competition. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc …
3price-fixing — ˈprice ˌfixing noun [uncountable] 1. COMMERCE LAW when companies in an industry agree on the prices they will charge for something. This form of price fixing is done so that companies avoid competing with each other, and is normally illegal: •… …
4price-fixing — price ,fixing noun uncount 1. ) an agreement between companies to charge the same price for a particular product, in order to keep the price high: Two leading airlines have been accused of price fixing. 2. ) PRICE CONTROL …
5price fixing — price .fixing n [U] 1.) a system in which the government decides the prices of things = ↑price control 2.) an agreement between producers and sellers of a product to set its price at a high level …
6vertical price-fixing agreement — An agreement between the manufacturer or dealer in an article with purchasers who buy numbers of such article for resale in the course of business, having the purpose of controlling the resale or retail price. 52 Am J1st Tradem § 173 …
7price fixing — the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity. Also, price fixing. [1945 50] * * * price fixing, 1. the control of prices by a governmental agency. 2. an… …
8price-fixing — noun control (by agreement among producers or by government) of the price of a commodity in interstate commerce • Topics: ↑government, ↑governing, ↑governance, ↑government activity, ↑administration • Hypernyms: ↑control * * * ˈprice f …
9price-fixing — UK / US noun [uncountable] business 1) an agreement between companies to charge the same price for a particular product, in order to keep the price high Two leading airlines have been accused of price fixing. 2) price control …
10price fixing — A criminal violation of federal antitrust laws in which apparently competing businesses conspire to reach a secret agreement to set prices for their products, thus preventing genuine competition and the public benefits that arise from it.… …