Vocab Bloom Hub

price-fixing

/ˈpraɪs ˌfɪk.sɪŋ/

1 entry

noun

/ˈpraɪs ˌfɪk.sɪŋ/C1formalbusiness
  • ruСуществительное, обозначающее практику установления цены на товар или услугу по соглашению между производителями или государственным регулированием, часто в сфере межгосударственной торговли.

A noun referring to the practice of setting the price of a product or service through agreement among producers or by government regulation, often in interstate commerce.

uncountable

  1. Illegal price agreementC1formallegal

    An agreement between competing businesses to set prices at a certain level, rather than allowing market forces to determine them, which is often illegal.

    ruНезаконное соглашение о ценах

    • The companies were fined for engaging in price-fixing.
    • Price-fixing is considered a violation of antitrust laws.
    • The investigation revealed a secret price-fixing scheme among the manufacturers.
Forms
  • price-fixings plural form
  • price-fixings' possessive plural form
  • price-fixing's possessive singular form