Wikipedia
The term fixed price is a phrase used to mean the price of a good or a service is not subject to bargaining. The term commonly indicates that an external agent, such as a merchant or the government, has set a price level, which may not be changed for individual sales. In the case of governments, this may be due to price controls.
Bargaining is very common in many parts of the world, outside of retail stores in Europe or North America or Japan, this makes this an exception from the general norm of pricing in these areas.
Usage examples of "fixed price".
If sold in lots at a fixed price as first proposed, the best lots will be sold first.
The journeymen-shoemakers declare that those who make shoes below the fixed price shall be driven out of the kingdom.
In case you aren't familiar with these wonderfully risky instruments, a call is a piece of paper that gives you the right to buy a stock at a fixed price over a future timespan.
Mainly because, when I took over, I put a stop to the fixed price the governor of the colony had set, and reinstated the Law of Supply and Demand.
Mainly because, when I took over, I put- a stop to the fixed price the governor of the colony had set, and reinstated the Law of Supply and Demand.
Thus, anyone who has attempted to buy a car lately, as I have, soon finds that the task of learning about the various brands, lines, models and options (even within a fixed price range) requires days of shopping and reading.
They could buy at below the fixed price, sell to the army at the legal rate, and keep the difference for themselves.
In another few weeks the merchandise will begin flowing at a standard quality and a fixed price.