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Law, Business, and Society 9th Edition by Tony McAdams
Edition 9ISBN: 978-0073377650Law, Business, and Society 9th Edition by Tony McAdams
Edition 9ISBN: 978-0073377650 Exercise 34
Assume that 10 real estate firms operate in the city of Gotham. Further assume that each charges a 7 percent commission on all residential sales.
a. Does that uniformity of prices in and of itself constitute price fixing Explain.
b. Assume we have evidence that the firms agreed to set the 7 percent level. What defense would be raised against a price-fixing charge
c. Would that defense succeed Explain. See McLain v. Real Estate Board of New Orleans, Inc., 444 U.S. 232 (1980).
a. Does that uniformity of prices in and of itself constitute price fixing Explain.
b. Assume we have evidence that the firms agreed to set the 7 percent level. What defense would be raised against a price-fixing charge
c. Would that defense succeed Explain. See McLain v. Real Estate Board of New Orleans, Inc., 444 U.S. 232 (1980).
Explanation
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a.No. Must prove a contract, combination...
Law, Business, and Society 9th Edition by Tony McAdams
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