Several law firms in the detroit area have met and

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Legal Environment
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Chapter 23 / Exercise 5
Legal Environment
Beatty
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17.Several law firms in the Detroit area have met and agreed not to charge more than $200 for a simple will so that they can more effectively compete with the increasing number of legal clinics. The agreement for a price maximum is:a.not an antitrust violation because the public benefits from maximum prices.b.not an antitrust violation because it is a service and not a sale of goods.c.price fixing and an antitrust violation.d.none of the aboveANS:C
PTS:1NAT:AACSB: AnalyticTOP:Price Fixing18.Which of the following activities is notcovered in the Sherman Act?
PTS:1NAT:AACSB: AnalyticTOP:Sherman Act19.The manufacturers of several designer purses have met and agreed not to sell their purses to Jolie's Department Store because of Jolie's practice of discounting all items 20 percent below the retail costs at other stores. The manufacturers are concerned about maintaining their images of exclusivity and quality. The agreement among the manufacturers:
PTS:1NAT:AACSB: AnalyticTOP:Boycotts
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Legal Environment
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Chapter 23 / Exercise 5
Legal Environment
Beatty
Expert Verified
20.Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines. The result is that 93 percent of all new pools have the system, and 94 percent of all pool owners buying replacement systems choose Pool Line. Pool Line's competitors have brought suit charging Pool Line with monopolization of the pool cleaning market. Pool Line:
PTS:1NAT:AACSB: AnalyticTOP:Monopoly21.Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines. The result is that 93 percent of all new pools have the system, and 94 percent of all pool owners buying replacement systems choose Pool Line. The relevant product market is:a.pool cleaning systems.b.pool supplies and equipment.c.cleaning equipment.d.outdoor recreation suppliesANS:A
PTS:1NAT:AACSB: AnalyticTOP:Markets

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