The Bar Council of India, a statutory body created by the Indian Parliament, prescribes standards of professional

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The Bar Council of India, a statutory body created by the Indian Parliament, prescribes standards of professional conduct for lawyers in the country. One of these standards is that law firms and lawyers are prohibited from soliciting work or advertising their services in any manner (although a 2017 amendment allows them to provide information about themselves on websites). Could this standard be considered a restraint on trade and, if so, what effect would it have on equilibrium prices?

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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