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resale-price maintenance

From Longman Business Dictionaryresale-price maintenanceˌresale-ˈprice ˌmaintenanceCOMMERCELAW a system in which the price of goods is fixed by the manufacturer and the person selling them is not allowed to reduce the price. Resale-price maintenance is against the law in some countries, including the US, because it limits competition maintenance
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