Pricefixing is a term that is commonly used to describe an illegal practice where businesses collude to set a fixed price for their products or services. This practice can be detrimental to consumers, as it hinders competition and eliminates the opportunity of finding a better deal. Some of the synonyms for pricefixing include market manipulation, collusion, anti-competitive behavior, and price rigging. These terms all refer to practices that are designed to stifle competition and ensure that prices remain artificially high. While pricefixing may benefit businesses in the short term, it can have devastating effects on the economy and ultimately lead to legal repercussions.