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price fixing

price

ˈpraɪs

prais

fix

fɪk

fik

ing

sɪng

sing

/pɹˈaɪs fˈɪksɪŋ/

price-fixing

Definition & Meaning of "price fixing"in English

Price fixing

01

an agreement between business rivals to not sell products at a lower price

Examples

The company was fined millions of dollars for engaging in price fixing with its competitors, violating antitrust laws.

App

Nearby Words

price out of the market

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