price ring

noun

1. a group of traders formed to maintain the prices of their goods

Example Sentences

“It became clear at a certain point that since I was not willing to incriminate Congressman Doolittle and others that I was going to pay a heavy price,” Ring wrote, his first public explanation of his side of the case after he declined to put on a defense at trial.

From Washington Post

It must be the duty of the Labor Party to drive these facts home to the whole population so that every time anyone mentions the words 'Federation' or 'Association,' the public gets on its guard and begins to ask itself, 'Should those words be translated Monopoly, Price Ring, Restrictive Group.'

From Time Magazine Archive