An act was passed, which forbade (prevented) companies from jointly setting prices in ways that restrain free competition and trade. Unfortunately, many senior people, well respected and positioned were of the opinion that βprice fixingβ was good for their organizations and the public.
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Price Fixing
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Suresh Kumar is a passionate mechanical engineer with deep expertise in design, thermodynamics, manufacturing, and automation. With years of experience in the industry, they simplify complex engineering principles into practical insights for students, professionals, and enthusiasts. This blog serves as a hub for exploring cutting-edge innovations, fundamental concepts, and real-world applications in mechanical engineering.