Friday, June 29, 2007
Supreme Court OKs retail price fixing by manufacturers
Link to article in the Los Angeles Times
Until today, the nation has had an unusually competitive retail market, in part because antitrust laws made it illegal for sellers or manufacturers to agree on fixed prices. The Supreme Court, in a 1911 case involving Dr. Miles and his patented medicines, had said that price-fixing agreements between manufacturers and retail sellers were flatly illegal.
Another item that might encourage people to think before voting in the next election.