PRICE-FIXING

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 thesherman 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

Antitrust Law.

price-fix·ing (also price fix·ing) • n. the maintaining of prices at a certain level by agreement between competing sellers.