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price fixing

price

ˈpraɪs

prais

fix

fɪk

fik

ing

sɪng

sing

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

Grammatical Information

Animacy status

Abstract

Composition

Compound

Uncountable

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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