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Price fixing is when management at different companies get together and agree to all keep the same prices on their merchandise being sold so that market forces lose the ability to set prices based on supply and demand.
You can see this when you have a big intersection with a gas station on every corner and their prices are all the same.
Or at retail when electronics stores will all have the same price on an item.
Most companies deny they do this, but if you've been in the corporate world you know it goes on.
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