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Discuss the product is relatively homogeneous

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Reference no: EM133597510

Question: Counsel for the plaintiff introduces evidence that the product is relatively homogeneous, that there are only 3 or 4 significant producers (your clients), and that your clients regularly convey information to one another through public statements and occasionally at industry conventions. In addition, counsel for plaintiffs point out that entry is difficult and prices are well above your clients' marginal costs. Finally, they note that because your clients have all been operating practically at capacity, they have no ability to "cheat" on their tacit agreement.

Reference no: EM133597510

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