Price Fixing Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Price Fixing, written in plain English, along with examples of how it is used.

What is Price Fixing?

n.A method in which businesses who are in competition with each other set up a strategy to fix up prices of particular commodities to avoid price competition.It is a criminal act according to federal laws as it encourages unfair competition and the public is deprived of reasonbale prices..This arrangement can also be made between suppliers and manufactures or distributors.