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price fixing |
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price fixing n. a criminal violation of federal anti-trust statutes, in which several competing businesses reach a secret agreement (conspiracy) to set prices for their products to prevent real competition and keep the public from benefiting from price competition. Price fixing also includes secret setting of favorable prices between suppliers and favored manufacturers or distributors to beat the competition. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The lawsuits alleged price fixing, but the carriers say they were never accused by government agencies or found liable in civil suits. Three tire companies are suing rubber chemicals maker Chemtura in federal court in Nashville, seeking refunds and triple damages for goods purchased during a global price fixing conspiracy. Editorial includes information on the range of antitrust issues, including mergers, acquisitions and joint ventures, monopolistic practices, unfair competition, price fixing and predatory pricing, bid rigging, horizontal and vertical restraints, refusal to deal, patent licensing, private treble damage actions and U. |
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