price fixing definition

price fixing

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.

price fixing is in the Corporate, Commercial, & General Law subject.

price fixing appears in the definitions of the following terms: price manipulation and price

This content can be found on the following page:

http://www.businessdictionary.com/definition/price-fixing.html