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Briefly explain the horizontal price fixing

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Reference no: EM131740386

Problem: Horizontal Price Fixing

The members of a real estate brokers' multiple listing service voted to raise their commission rate from 6 to 7 percent. The bylaws of the association provided for expulsion of any member charging less than the agreed-upon commission. If broker Hillary continues to charge 6 percent, can she be expelled legally? Why or why not?

Reference no: EM131740386

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