What legal rule do you think the court should have

Assignment Help Microeconomics

Reference no: EM133425887

Question: Suppose that Cole Coffee and Phils coffee which sell coffee across the street from each other on College Avenue in Rockridge agree to fix the price of coffee at $3.50 per cup for small and $4.50 for large. There are many other coffee shops on College avenue and scores of coffee shops in Rockridge and Elmwood, two adjacent neighborhoods on College Avenue near the Berkeley- Oakland border.

A. Phils and Cole Coffee argue that they don't have the power to fix prices as they control a small share of coffee sold in Rockridge or Elmwood, do not have the power to affect market prices or quantities together or individually, and would have charged these prices without the agreement. Does this price-fixing agreement violate the Sherman Act without the plaintiff proving more? (Give support for your answer from a couple of cases read in class)

B. Ignoring precedent, what legal rule do you think the court should have for a case like this one? (Give economic, and perhaps, other policy arguments on both sides of the question and explain how you come down)

Reference no: EM133425887

Questions Cloud

Explain, with reference to hargreaves and vertinsky : Explain, with reference to Hargreaves and Vertinsky (page 1 to 10), how the personal body and social body are related, and specifically how or why that relation

Explain the statistical methods used to compute the table : Explain the statistical methods used to compute the table in the graph. Make sure that table values are formatted to 2 decimal places and that font size

How does culture impact the way personality develops : How does culture impact the way personality develops? Please use APA formatting. Please use both in-text citations.

Which outline the ifsp and iep teams : Compare and contrast the boxes which outline the IFSP and IEP teams. What differences do you see? Why do you think these differences exist?

What legal rule do you think the court should have : what legal rule do you think the court should have for a case like this one? (Give economic, and perhaps, other policy arguments on both sides of the question

What can you do to encourage collaboration : who has formed a project team that is tasked with composing a proposal for a new employee benefit What can you do to encourage collaboration when the team

How does culture impact the way a person knows who they are : How does culture impact the way a person knows who they are? APA formatting. If you use a Reference, please cite it in-text and in the reference area.

What made this presentation effective : how you would handle questions (during the presentation or at the end) and notified the audience of your willingness to take questions throughout

What is an example of a government transfer payment : Why it would be ok for some city services (like trash pick-up or electricity)to to be monopolies and What is an example of a government transfer payment

User Account

All Pages