This is the 3234th most frequent German word.
fair
Fair (German): fair, just, equitable, honest.
Here, 'fair' is used as an adjective describing 'Entscheidung' (decision) to mean just or impartial.
Es war eine faire Entscheidung des Schiedsrichters.
It was a fair decision by the referee.
In this sentence, 'fair' refers to the context of a fairground (Jahrmarkt), representing an event or exhibition rather than its moral implication.
Auf dem Jahrmarkt gab es viele faire Attraktionen.
At the fairground, there were many appealing attractions.
'Fair' here is used to describe 'Preise' (prices) as being reasonable or equitable.