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Concept information

social science subjects > criminology and criminal justice > transnational crime and justice > crimes and criminal markets > price-fixing
social science subjects > business and management > entrepreneurship > competition (business) > price-fixing
... > social science subjects > business and management > organization studies > organization studies encyc > approaches to organization theory > organizational economics > competition (business) > price-fixing
... > social science subjects > business and management > organization studies > organization studies encyc > organizational economics > competition (business) > price-fixing
... > social science subjects > economics > economic concepts > political economy > market economy > market forces > competition (business) > price-fixing
... > social science subjects > politics and international relations > political science > political economy > market economy > market forces > competition (business) > price-fixing
... > social science subjects > politics and international relations > political science > comparative politics > economic systems > market economy > market forces > competition (business) > price-fixing
... > social science subjects > economics > economic systems > market economy > market forces > competition (business) > price-fixing

Preferred term

price-fixing  

Definition(s)

  • Price-fixing is an illegal act whereby two or more companies in presumed competition with one another conspire to set or fix prices for a good or service in an attempt to maximize profits. Competitors agree to manipulate prices, thereby forcing consumers to pay artificially inflated costs. [Source: Encyclopedia of Transnational Crime & Justice; Price-Fixing]

Broader concept(s)

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-W6MSJMVF-D

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