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Price-Fixing |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.37 sec. |
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The organized setting of what the public will be charged for certain products or services agreed to by competitors in the marketplace in violation of the Sherman Anti-Trust Act (15 U.S.C.A. § 1 et seq.). Horizontal price-fixing involves agreements to set prices made among one particular class of sellers—such as producers, wholesalers, or retailers. Vertical price-fixing occurs between different categories of the sellers of products and services, such as between a manufacturer and wholesaler, wholesaler and distributor, or distributor and retailer. Cross-references |
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? References in periodicals archive |
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Lufthansa has agreed to pay $85m to settle US class-action lawsuits stemming from alleged cargo price-fixing and has received conditional immunity from antitrust investigators. The FTC found that NTSP's use of a poll facilitated a price-fixing agreement among its competing physician members. A federal grand jury indicted two former executives at German chemical maker Bayer AG for allegedly taking part in an international price-fixing scheme that drove up the costs of rubber chemicals used to make shoes, tires and other products. |
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Price-Fixing
