price fixing

(redirected from Sherman Anti-Trust Act)
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Related to Sherman Anti-Trust Act: Clayton Act, Clayton Antitrust Act

price fixing

Physician practice The illegal practice by a group of health care providers of establishing a standard price for procedures, thus creating a monopoly on a particular market segment
References in periodicals archive ?
Park & Son, the court ruled that resale price maintenance agreements were illegal per se--illegal by their very nature--and defendants had to prove their actions did not violate anti-competitive provisions of the Sherman Anti-Trust Act.
Landis also came under fire by some critics who charged him with undermining the judiciary by collecting a salary from baseball magnates, the very group that had been charged with violating the Sherman Anti-Trust Act.
Acts regulating business were passed in state and federal legislatures: the Interstate Commerce Commission, the Sherman Anti-Trust Act, Pure Food and Drug Act, for example.