Price-Fixing

Author:Jeffrey Lehman, Shirelle Phelps
 
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Page 81

The organized setting of what the public will be charged for certain products or services agreed to by competitors in the marketplace in violation of the SHERMAN ANTI-TRUST ACT (15 U.S.C.A. § 1 et seq.).

Horizontal price-fixing involves agreements to set prices made among one particular class of sellers?such as producers, wholesalers, or retailers.

Vertical price-fixing occurs between different categories of the sellers of products and services, such as between a manufacturer and wholesaler, wholesaler and distributor, or distributor and retailer.

CROSS-REFERENCES

Antitrust Law.

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