Examlex
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Price Fixing
An illegal agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain market conditions so the price remains at a given level.
Illegal
Activities or actions that are prohibited by law and subject to criminal or civil penalties.
Resale Price Maintenance
A practice where the original manufacturer of a product controls the retail price at which resellers must sell the product.
Sherman Act
A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to prohibit monopolistic business practices.
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