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:
“A work of art that contains theories is like an object on which the price tag has been left.”
—Marcel Proust (1871–1922)
“Paper is cheap, and authors need not now erase one book before they write another. Instead of cultivating the earth for wheat and potatoes, they cultivate literature, and fill a place in the Republic of Letters. Or they would fain write for fame merely, as others actually raise crops of grain to be distilled into brandy.”
—Henry David Thoreau (1817–1862)