Price fixing, a manifestation of cartel conduct (collusion between competitors), has been condemned by the current Chair of the Australian Competition and Consumer Commission (ACCC), Mr Graeme Samuel, as a 'cancer on the Australian economy'. It is the antithesis of competitive pricing, resulting in higher prices than market forces would permit.
"What's price fixing got to do with it?,"
The National Legal Eagle:
1, Article 6.
Available at: http://epublications.bond.edu.au/nle/vol14/iss1/6