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price fixing

price fixing
Noun

This term describes a specific type of antitrust violation where competitors collude to eliminate price competition. It carries a strong negative legal and ethical connotation, typically appearing in the context of corporate crime, regulatory investigations, and judicial penalties.

In legal and business registers, it is often grouped with other forms of "collusion" or "cartel behavior." While it describes an action, it is treated as a singular conceptual offense in legal proceedings, often referred to as a "scheme" or "conspiracy."

Meanings

Nounprice fixing

An illegal agreement between competing businesses to set the price of a product or service at a specific level rather than letting prices be determined by free market competition.

The company was fined millions of dollars for its role in a global price fixing scheme.

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Last Updated: May 2026Report an Error