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Price fixing
01
价格固定, 价格协议
an agreement between business rivals to not sell products at a lower price
Example
The company was fined millions of dollars for engaging in price fixing with its competitors, violating antitrust laws.
The investigation uncovered evidence of price fixing among major pharmaceutical companies, artificially inflating drug prices.
Cartels often engage in price fixing to control market prices and limit competition, resulting in higher prices for consumers.
