Price fixing occurs when different purchasers of the same product are charged differently for an item that costs the same to produce if the purpose is to decrease competition or create a monopoly.

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Price fixing is an antitrust violation under the Sherman Act. Price fixing occurs when two or more competitors conspire to sell a product for the same price. Price discrimination occurs when different purchasers of the same product are charged differently for an item that costs the same to produce if the purpose is to decrease competition or create a monopoly.

Price Fixing Occurs When Different Purchasers of the Same Product