Law, Business, and Society 9th Edition by Tony McAdams

Exercise 3

Assume two fertilizer dealerships, Grow Quick and Fertile Fields, hold 70 percent and 30 percent, respectively, of the fertilizer business in the farm community of What Cheer, Iowa. Assume the owner of Fertile Fields learns via inquiry, hearsay, and the like of Grow Quick's price quotes. Then, each growing season the Fertile Fields owner sets her prices exactly equal to those of her competitor. Is that practice unlawful Explain.