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Law, Business and Society 11th Edition by Tony McAdams
Edition 11ISBN: 978-0078023866Law, Business and Society 11th Edition by Tony McAdams
Edition 11ISBN: 978-0078023866 Exercise 3
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, combinatio...
Law, Business and Society 11th Edition by Tony McAdams
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