what is price fixing? and how does it work?

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Asked 10/22/2011 3:03:08 PM

Updated 2/29/2024 3:14:05 AM

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Price fixing is an agreement between competitors or businesses in a market to set the price of goods and services. It works through secret agreements among competitors, allowing them to control prices artificially and eliminate fair competition.

Added 2/29/2024 3:14:05 AM

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