The law firm of Smith,Brown and Jones has just held a meeting in which they have decided that all fees charged by the partners will be $500 per hour with no exceptions.They also set nonnegotiable fees for such things as preparation of wills,real estate settlements and other types of standard types of cases.Smith,Brown and Jones:

Question

Quizplus · Accepted Answer

The decision by the law firm to set their own fees does not constitute price fixing under the Sherman Act, as it involves setting prices within their own firm, not an agreement with competitors.

The Law Firm of Smith,Brown and Jones Has Just Held