horizontal price-fixing

Definition of "horizontal price-fixing"
  1. A prohibited agreement among businesses that compete with each other to set identical prices for a product
How to use "horizontal price-fixing" in a sentence
  1. The businesses were accused of horizontal price-fixing, causing customers to pay inflated rates for their products.
  2. The antitrust lawsuit against the companies centered around allegations of horizontal price-fixing.
  3. A statutory investigation revealed a case of horizontal price-fixing that had been inflating the market price of technology goods.

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