price ring

To some in Ukraine, Gazprom's talk of market pricing rings hollow.

Emulating private firms could just as well mean collusion, the formation of oligopolies, price rings and cartels, or the withholding of information from consumers.

This resulted in the prices ringing up for 6" figures at one third their normal price, and the 3" figures ringing up at three times their normal price.

It is not true to say that the banks are operating a price ring and deliberately keeping the prices high because with globalisation there are fewer and fewer banks, which means less and less competition.

He believed that the abandonment of free trade in 1917 began "the lowering of the standard of life by stopping goods reaching people" and that it was responsible for "the closed market behind which monopolies and price rings of labour and capital have grown up".