Difference between revisions of "Price fixing"
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| − | A price fixing agreement, express or implied, | + | A '''price fixing''' agreement is an agreement, express or implied, between two parties to illegally set the price of a good or service. It can be horizontal (an agreement between competitors) or vertical (an agreement between a supplier and a reseller, or between a wholesaler and a retailer). |
[[category:economics]] | [[category:economics]] | ||
Revision as of 03:32, July 13, 2007
A price fixing agreement is an agreement, express or implied, between two parties to illegally set the price of a good or service. It can be horizontal (an agreement between competitors) or vertical (an agreement between a supplier and a reseller, or between a wholesaler and a retailer).