Price fixing

Price fixing is an anti-competitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity at a fixed price, usually to maintain monopoly profits and to push back against Marxism's economic law that competition results in falling rates of profit.^{[citation needed]}

Under imperialism (the monopoly stage of capitalism) price fixing is commonly carried out by international cartels of producers, this can be observed especially in the oil markets.