Definition of price-fixing in English:

price-fixing

(also price fixing)

noun

  • The maintaining of prices at a certain level by agreement between competing sellers.

    • ‘A company spokesman says the quotes were taken out of context and the business is so competitive that price-fixing makes no sense.’
    • ‘Restrictive practices such as price-fixing agreements between competitors were often permitted providing they were not shown to be against the public interest.’
    • ‘A new law is expected to make price-fixing by big business cartels a criminal offence, meaning bosses could - in theory - receive a prison sentence.’
    • ‘The cost of price-fixing is not really borne by the large corporate customer, but by all of society.’
    • ‘The most serious forms of cartel identified by the authority were price-fixing, bid rigging and market sharing by competitors.’

Pronunciation:

price-fixing

/ˈprīs ˌfiksiNG/