Meaning of the word "price fixing" in English
What does "price fixing" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
price fixing
US /ˈpraɪs ˌfɪksɪŋ/
UK /ˈpraɪs ˌfɪk.sɪŋ/
Noun
the maintaining of prices at a certain level by agreement between competing sellers
Example:
•
The company was accused of price fixing to eliminate competition.
•
Price fixing is illegal in many countries.
Related Word: