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price fixing
/pɹˈaɪs fˈɪksɪŋ/
/pɹˈaɪs fˈɪksɪŋ/
price-fixingPrice 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.
The investigation uncovered evidence of price fixing among major pharmaceutical companies, artificially inflating drug prices.
