noun
Meaning 1
Price fixing that occurs without direct communication between the participants, but where the participants instead intentionally follow one another in raising prices to maximize profits at the expense of competitive pricing.
Definition source: English Wiktionary via Wiktextract
Usage: US, uncountable
Qualifier: antitrust law
Topics: law
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided