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price fixing
noun
- the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.
price-fixing
noun
- the setting of prices by agreement among producers and distributors
- another name for price control resale price maintenance
price fixing
- Any usually unlawful practice by which producers of a commodity act together to obtain an artificially high price.
Word History and Origins
Origin of price fixing1
Example Sentences
And how do we make sure that we're taking on corporate landlords that are price fixing right now, kind of like Jeff Jackson did as attorney general just recently in North Carolina, where there was a group of apartment companies that were price fixing through an algorithm and a legal loophole in order to to squeeze people out of as much money as possible for something that everybody needs, which is a roof to live under.
We have to show how our party is going to fight back against that so that the only determinant of whether or not you're able to own a home in the future was how hard you were willing to work, and how good your ideas are, not whether or not there's a corporation that is price fixing or buying up 10s tens of thousands of single family homes to try to squeeze you out of the market, or simply that there is not enough housing available.
Chamber of Commerce and an Uber subsidiary successfully challenged the law, arguing that bargaining by independent-contractor drivers amounted to illegal concerted action and price fixing.
One of the ideas floated by Kirk and other activists has been to partner with private attorneys to sue landlords and bring injunctions against real estate marketplaces like Zillow and Airbnb, which have been accused of turning a blind eye to illegal price fixing on their website.
The company is "alleging a price fixing scheme for beef specifically" and has filed a federal complaint in New York that "accused the companies of anticompetitive measures such as collectively limiting supply to boost prices and charge 'illegally inflated amounts,'" according to the publication.
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