Definitions for "Price fixing"
When companies conspire to set prices and thus control or interfere with free market competition, they have violated antitrust laws. Price fixing is considered a criminal offense.
Concerted behavior designed to raise, depress, fix, peg, or stabilize the price of goods or services. This behavior constitutes a per se violation of the antitrust laws.
the situation in which firms conspire to set prices for goods sold in the same market.
illegal collusion by tendering suppliers to avoid competition in prices. Also referred to as Bid-rigging.
Establishing the price of a product or service, rather than allowing it to be determined naturally through free market forces. Often illegal.
agreement among competitors to sell at the same price (which is illegal in many countries).