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maximum price fixing

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 390 U.S. 145 - Albrecht v. Herald Co. · 1968Most cited · 1,140 citing opinions

Agreements to fix maximum prices, no less than those to fix minimum prices, cripple the freedom of traders and thereby restrain their ability to sell in accordance with their own judgment. Schemes to fix maximum prices, by substituting the perhaps erroneous judgment of a seller for the forces of the competitive market, may severely intrude upon the ability of buyers to compete and survive in that market.