Price fixing

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1.

Price fixing is an agreement or collusion to manipulate a market for the advantage of those participating in the agreement, usually harming other market participants.

This is illegal in almost all jurisdictions and markets.


2.

The term may also be used for the calculation and publication of a market reference price by a legitimate authority.


3.

The legitimate establishment of a price to be used in a contract, under the terms of the contract, often by reference to a market benchmark price.


See also