Price-fixing
or price-fixing
noun
1.
the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.
price-fixing
noun
1.
the setting of prices by agreement among producers and distributors
2.
another name for price control, resale price maintenance
price fixing definition
Any usually unlawful practice by which producers of a commodity act together to obtain an artificially high price.
Read Also:
- Price-index
noun 1. an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100.
- Price-jones curve
Price-Jones curve (prīs’jōnz’) n. A curve indicating the distribution of red blood cells with respect to the length of their diameters.
- Price leadership
noun 1. (marketing) the setting of the price of a product or service by a dominant firm at a level that competitors can match, in order to avoid a price war
- Prevaricative
verb (used without object), prevaricated, prevaricating. 1. to speak falsely or misleadingly; deliberately misstate or create an incorrect impression; lie. verb 1. (intransitive) to speak or act falsely or evasively with intent to deceive
- Prevarication
[pri-var-i-key-shuh n] /prɪˌvær ɪˈkeɪ ʃən/ noun 1. the act of prevaricating, or lying: Seeing the expression on his mother’s face, Nathan realized this was no time for prevarication. 2. a false or deliberate misstatement; lie: Her many prevarications had apparently paid off; she was free to go.