price fixing

Popular Terms
Collusion among competitors to (1) sell a good or commodity at the same price, (2) use the same formulas for computing selling prices, (3) offer the same discounts, (4) keep the same price differentials between different order quantities, qualities, or types, and (5) not lower the prices without notifying other colluders. Also called price manipulation, it is a criminal offense.

Use 'price fixing' in a Sentence

To thrive in our business we needed to know what price fixing was, so we could compete with the other companies out there.
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There was alleged price fixing occurring in our industry which upset many of the key market players that we were associating with.
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Some people think it is worth the risk of jail time to get involved in price fixing going for one big score.
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