In economics, a price book is a book in which the normal prices of an item are listed for all suppliers. This allows one to determine the lowest price possible.
If a group of suppliers adhere to a particular price book, in other words, they set the prices of the price book artificially higher than the market clearing price, then they are "fixing the price" of that item. This is illegal in most countries and is often found in oligopolies (industries with a few competitors (2-8), but not enough to make it a perfect market).
Famous quotes containing the words price and/or book:
“If you know some other way that I can be honest with you, you gotta tell me.”
—Richard Price (b. 1949)
“I am afraid I am one of those people who continues to read in the hope of sometime discovering in a book a single—and singular—piece of wisdom so penetrating, so soul stirring, so utterly applicable to my own life as to make all the bad books I have read seem well worth the countless hours spent on them. My guess is that this wisdom, if it ever arrives, will do so in the form of a generalization.”
—Joseph Epstein (b. 1937)