price fixing legal definition

Artificially setting prices at a certain level, in exception to the workings of a free market, or conspiring to do same. The test is whether such actions or agreements restrain free tradersÂ’ ability to sell according to those tradersÂ’ judgment.

Price fixing by competitors on the same level, such as all supermarkets selling cereal for the same price.

Price fixing between or among parties at different levels of distribution, such as manufacturers and distributors trying to control retail price.