Gilcorp sells eggs to customers one day for $3.00 per dozen. The following day they sell their eggs for $4.25 per dozen. Which of the following is true of this action?   This is illegal per se. This may be illegal under the rule of reason. This is legal.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter23: Price-searcher Markets With Low Entry Barriers
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Gilcorp sells eggs to customers one day for $3.00 per dozen. The following day they sell their eggs for $4.25 per dozen. Which of the following is true of this action?

 


  • This is illegal per se.
  • This may be illegal under the rule of reason.
  • This is legal.
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