price rigging

Definition

The act of businesses conspiring together to artificially inflate prices in order to increase profits by passing the elevated prices onto consumers. Price rigging is an illegal practice and is regulated by the antitrust division of the United States Department of Justice.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
price rate of change (ROC) price risk