What is price-fixing and why did it occur?
Price fixing is an agreement between sellers in the same market to eliminate competition between them with regard to price or any component of price. Price-fixing is a violation of law. At IUPUI, the alleged activity involved the elimination of a 10 percent student discount on new health sciences textbooks as well as a two percent increase on the prices of all new textbooks. Only sales of new textbooks were affected. The motive or reason for this alleged activity is unknown at this time.
