Price Fixing

Price Fixing

Price fixing amounts to an illegal anti-competitive practice that undermines notionally free markets, depriving buyers of a fair market, crimping innovation and lowering quality. It occurs when nominally competitive interests collude to set prices to benefit themselves at the expense of buyers, where certain parties attempt to carve out a market for themselves and exclude others, or where parties pre-agree how they are going to bid at a project auction to agree on which party is going to win at what price

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