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price-fixing

price-fixing

6 6.6
Competing sellers agree to keep prices at a set level to limit competition
  • noun
  • /praɪsˈfɪksɪŋ/
  • Specialized
translation icon : manipulación de precios
  • Such spokesmen arrogantly tell the public that we have no choice but to suffer either price-fixing or bidding wars.
  • price-fixing and customer allocation
  • price-fixing and bid
  • price-fixing in the market

But I was trying to understand why did they consider it price fixing?

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Examples

  • One of the companies I wrote a book for had been indicted on criminal charges of price fixing.

    Academic text (2008)
  • It involves an international investigation into price fixing.

  • Some of its senior executives were sent to jail for price fixing in the 1950s.

    Academic text (2017)
  • So some markets were organized to ensure high prices for farmers by price fixing or limiting who would participate in that market.

  • There is a price-fixing investigation in the cement manufacturing business there.

  • The decision also allowed federal prosecutors to pursue nearly 200 of the association's member companies on criminal price-fixing charges.

    Academic text (2007)
  • Regarding prices, Medicare includes price-fixing; it tells providers what the government is willing to pay per procedure.

    Blog text (22)
  • Since 1986, significant fines have been imposed, including a two million dollar fine for a price-fixing offense.

    Academic text (1995)
  • Thus, China had a huge unnatural trade surplus because of a price-fixing action by a centralized authority.

    Blog text (19)
  • Several companies were fined heavily for engaging in price-fixing to stabilize their profits.

Synonyms

cartelization
vsprice-fixing
  • Specialized
9.7

Businesses agree to fix prices and limit production to reduce competition

focuses specifically on sellers agreeing to keep prices at a set level

How Collusive

cartel
210 7.9
price-fixing
  • Specialized
6 6.6
competition
251 2.6

Surface Forms

price-fixing singular
price-fixings plural

Morphology

price-fixing = price + fixing (transparent) = price + fix + ing

The compound directly denotes the activity of fixing prices and 'fixing' is transparently the gerund of 'fix'.

Etymology

Price-fixing comes from the parts price and fix, and fix means 'to set' or 'make steady'. So price-fixing is when sellers agree to 'set' prices together at a certain level instead of letting competition decide them.