In large cities talent agencies typically charge clients no more than a 10% commission. Tina's Talent, Amy's Actors & Models and the Barton Agency are the only three talent agents in a small city. Due to the limited amount of work available for actors
and models in their city, the three talent agents have gotten together and agreed to never charge a commission below 15%. Discuss if this is acceptable under the Sherman Act.
This is an example of horizontal price-fixing and violates Section 1 of the Sherman Act. Price is a sensitive element of competition and even discussion among competitors has been deemed an attempt to monopolize.
You might also like to view...
A blog that is a variation on blogging in which messages are sharply restricted to specific character counts is referred to as a? _______________.
A. microblog B. tiny blog C. small blog D. partial blog E. small blog
A ________ authorizes the researcher to proceed with the project and specifies its scope and terms of the contract
A) letter of estimation B) letter of transmittal C) letter of recommendation D) letter of authorization E) letter of invoice
The selection of data-transcription method is guided by the type of interviewing method used and the availability of equipment
Indicate whether the statement is true or false
Compare the consumerism and environmentalism movements
What will be an ideal response?