Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. The setting of commodity prices artificially by a government.
  • n. The result of an unlawful agreement between manufacturers or dealers to set and maintain specified prices on typically competing products.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. : In antitrust law, collusion between competitors in order to raise prices, at the expense of competitive pricing.

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