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 ˌfɪksɪŋ/
Noun
1.
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.
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