price fixing

(redirected from Price setting)
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price fixing

n.
1. The setting of artificially high prices for goods or services by unlawful agreement of competing companies.
2. Governmental setting of prices for goods or services.

price′ fix`ing

or price′-fix`ing,


n.
the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.
[1945–50]

price fixing

An illegal arrangement between competitors to set a common minimum price for their products. Price fixing is a conspiracy usually carried out by large corporations that dominate a particular market.
References in periodicals archive ?
Currently, there are no formal rules guiding trading and price setting in the country's repo market.
Summary: As a part of State budget 2011, approved yesterday, Rada clarified oil auction price setting rules.
DOT officials say such price setting, which has existed for five decades, fosters anti-competitive, anti-consumer business practices.
Rising labor costs, a potential ability to pass along price increases, and capacity bottlenecks could contribute to a higher rise in the CPI, although relatively low inflation expectations and confidence in Fed policy will help anchor wage and price setting patterns.
Beginning with the 2006 price setting, the Board will use only a capital asset pricing model (CAPM) to determine a return on equity (ROE) that reflects the return earned by private-sector service providers.