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Concept

Price fixing Definition

An illegal agreement between competitors to set the price of products or services, rather than allowing market forces to determine pricing.

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Courses and Mircolessons that cover Price fixing

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Antitrust Compliance & Competition Training

What antitrust is and the major antitrust and anti-competition laws.
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Ethics

Additional Information on Price fixing

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Frequently Asked Questions

Price fixing is when competitors conspire to set prices, instead of competing with each other on pricing.
It harms consumers by eliminating competition, leading to inflated prices and reduced choices.
Companies and individuals can face hefty fines, imprisonment, and reputational damage.
Companies should avoid coordinating prices with competitors and follow competitive market practices to ensure compliance with antitrust laws.

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