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Price fixing
01
an agreement between business rivals to not sell products at a lower price
Example
The investigation uncovered evidence of price fixing among major pharmaceutical companies, artificially inflating drug prices.
Price fixing undermines the principles of free market competition and can harm consumers by limiting choices and driving up prices.
Cartels often engage in price fixing to control market prices and limit competition, resulting in higher prices for consumers.
The company was fined millions of dollars for engaging in price fixing with its competitors, violating antitrust laws.
The government has strict laws in place to prevent price fixing and ensure fair competition in the marketplace.
