to agree on a price
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Price 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.… … Wikipedia
agree — 1 *assent, accede, consent, acquiesce, subscribe Analogous words: *grant, concede, allow: accept, *receive: admit, *acknowledge Antonyms: protest (against): differ (with) Contrasted words … New Dictionary of Synonyms
price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… … Financial and business terms
price — price1 W1S1 [praıs] n [Date: 1200 1300; : Old French; Origin: pris, from Latin pretium price, money ] 1.) [U and C] the amount of money you have to pay for something ▪ People are prepared to pay high prices for designer clothes. price of ▪ The… … Dictionary of contemporary English
agree — a‧gree [əˈgriː] verb [intransitive, transitive] 1. to make a decision with someone after a discussion with them: • They have agreed a price for the land. • He has agreed a new two year contract. agree to do something • The company agreed in… … Financial and business terms
Agree — A*gree , v. i. [imp. & p. p. {Agreed}; p. pr. & vb. n. {Agreeing}.] [F. agr[ e]er to accept or receive kindly, fr. [ a] gr[ e]; [ a] (L. ad) + gr[ e] good will, consent, liking, fr. L. gratus pleasing, agreeable. See {Grateful}.] 1. To harmonize… … The Collaborative International Dictionary of English
price 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 … Law dictionary
price-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: •… … Financial and business terms
agree — is used intransitively (without an object) with about, on, to, upon, and with, or with a that clause, and transitively (with an object) to mean ‘to arrange or settle (a thing in which various interests are concerned)’; there are examples of this… … Modern English usage
price ring — ➔ ring1 * * * price ring UK US noun [C] ► ECONOMICS a group of similar companies who agree to prices between them in order to increase profits and limit competition → Compare CARTEL(Cf. ↑cartel) … Financial and business terms
agree — verb 1 SAME OPINION (intransitive, transitive not in progressive) to have the same opinion about something as someone else (+ with): Mr Larsen seems to think it s too risky and I agree with him. | agree: Teenagers and their parents rarely agree.… … Longman dictionary of contemporary English