fix


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Fix

To set the price of a good or service, especially by the collusion of two or more companies. For example, two railroad companies may agree to set an artificially high price for train tickets. If these companies control a sufficient market share of railroads, then customers have no choice but to pay the high prices. In general, price fixing is illegal, but some governments, especially in developing economies, both allow and encourage the practice. Neo-liberal economists consider price fixing an inefficient practice, and in the United States it is a criminal offense under the Sherman Act. See also: Antitrust.

fix

To set the price of a commodity. For example, commodity traders in London fix the price of gold on a daily basis.
References in periodicals archive ?
At present the exact fixed sessions have not been revealed due to the criminal nature of the investigation.
Operated by Marvic Vila, who also operates Fix Auto San Francisco - South of Market
With the ability to connect to proprietary FIX networks such as Autex, ITG, Izuka, and the London Stock Exchange's order routing system, FIX Cloud is engineered to enable firms to access counterparties in different locations around the world.
She said: "From a profitability point of view there is no need for lenders to put fixed rates any lower.
1 : [sup.1]repair 1, mend <Dad fixed the broken gate.>
When the fixing is fully inserted, simply insert the screw and fix your object to the wall.
FIX IT so that Wendy Richard manages to walk and talk at the same time on 'Enders before she leaves.
How many times have you fixed something in your house, like a leaky faucet, only to have it break again a week or month later?
Solving the Year 2000 problem proves tedious, as every program must be tested, checked, and rechecked, and no "magic bullet" exists to fix everything.
He estimates he is only one of 30 or 40 people in the country who know how to fix this popular postwar accessory.
[UKPRwire, Fri Jun 14 2019] Vendors in the fixed RFID reader market are focusing on advancing the fixed RFID readers by integrating sensors and other communication technologies through which users can track their assets and manage the shipment of the products.
Top 5 cheap deals 1 People's Energy Product: People's Year Fixed Fixed or variable: Fixed for 12 months, with PS20 per fuel cancellation fee Average annual bill: PS968 2 Orbit Energy Product: 10%OFF4LIFE Fixed or variable: Variable Average annual bill: PS974 3 Utility Point Product: Just Up 19 Wk3 Direct Fixed or variable: Fixed for 18 months, with PS30 per fuel cancellation fee Average annual bill: PS975 4 Avro Energy Product: Simple and WinterFix Fixed or variable: Fixed for 12 months Average annual bill: PS987 5 Lumo Product: App Only Fixed v17 Fixed or variable: Fixed for 12 months, with PS30 per fuel cancellation fee Average annual bill: PS988 Source: uSwitch.com