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price fixing
(redirected from Fix prices)

    Also found in: Medical, Legal, Wikipedia 0.01 sec.
price fixing

An agreement among competitors to charge roughly the same price as each other, denying consumers a meaningful choice in the marketplace. The practice is illegal under the Sherman Antitrust Act.In the real estate area,the most famous application of this principle has to do with real estate commissions and the complaint that local REALTOR® association members agreed to all charge the same rate. It is the reason for the disclaimer that appears on most real estate company form listing contracts and purchase contracts,“The commission is negotiated among the parties and is not set by... .“



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The Competition Bureau of Ottawa, Ontario, Canada, announced that DuPont Performance Elastomers LLC pleaded guilty and was fined $4 million by the Superior Court of Justice in Ottawa for its role in an international conspiracy to fix prices of polychloroprene rubber.
The Competition Bureau of Ottawa, Ontario, Canada, announced that ... by Rubber World
WASHINGTON -- Two major airlines were fined $300 million apiece Thursday after admitting they conspired to fix prices on international flights and agreeing to help prosecutors investigate other airlines.
BRIEFCASE by Daily News (Los Angeles, CA)
Inflation causes prices to double every week, and the government's attempts to fix prices have caused butchers, bakers, and gas-station operators to work at a loss, close up shop, or face arrest for defying Mugabe's edicts.
Archbishop Pius Ncube, the leader of Zimbabwe's 1 million Catholics, ... by National Review
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