price fixingin a sentence
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The companies are accused of price fixing.
price fixing = an agreement made by competing organizations to avoid competitive pricing
- The Sherman Antitrust Act had been passed in 1890 after a congressional investigation of price fixing in the meatpacking industry, and for the next two decades the federal government tried to break up the Beef Trust, with little success.† (source)
- Although competition between the large processors has indeed led to lower costs for consumers, price fixing and collusion have devastated independent ranchers and farmers.† (source)