Price fixing is when businesses which are competitors agree to fix, increase, lower, maintain or control the price for the purchase or sale of goods or services. When businesses collude to fix prices, it deprives consumers of the benefits of competition, leading to higher prices, lower quality of products and services as well as reduced choices for consumers.
The Competition Commission has developed a series of educational materials to raise community awareness of the topic. Members of the public are welcome to download the materials.
More to come. Please stay tuned.