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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
Related Words
collusionfree marketantitrustmonopolycarteloligopolycompetitionmarketregulationlawlegislationfinepenaltysanctionlitigationlawsuitprosecutionfraudconspiracyagreementsecretunderhandcorruptionbriberyethicscomplianceconsumerprotectioninflationdeflationmarginprofitrevenuecostsupplydemandequilibriumtariffquotasubsidytradecommerceindustrysectorcorporateexecutiveboardroomstrategytacticmanipulationdistortioninefficiencydeadweight losssurplusshortageprice ceilingprice floorSherman Actcommissionarbitrationwhistleblowerleniencyinvestigationauditevidencewitnessjudgmentcourtjudgeattorneylegalstatuteordinancepolicygovernancefairnessequityexploitationmarket sharebarrier to entrypredatory pricingprice discrimination