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vertical price-fixing n
: an illegal arrangement in which parties at different levels of a system of production and distribution act to fix the market price of goods
: resale price maintenance compare horizontal price-fixing NOTE: Vertical price-fixing is a per se violation of antitrust laws.
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.