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:
“Forced from home, and all its pleasures,
Afric’s coast I left forlorn;
To increase a stranger’s treasures,
O’er the raging billows borne.
Men from England bought and sold me,
Paid my price in paltry gold;
But, though theirs they have enroll’d me,
Minds are never to be sold.”
—William Cowper (1731–1800)
“All is changed. All looks strange to me and gives me a feeling which I would rather get away from, although I know it to be the carrying out of natural laws. And I am not complaining. I am doing the same as many old people have done, I suppose, who have led an active life and suddenly find themselves living without a purpose. Oh, my heart is so full. I could write a big book on the subject of going out of this world gracefully.”
—Maria D. Brown (1827–1927)