7. A study by the Federal Trade Commission compared the prices of legal services in cities that...

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7. A study by the Federal Trade Commission compared the prices of legal services in cities that allowed advertising by lawyers to prices of those same services in cities that did not. It found that the prices of simple wills with trust provisions were 11% higher in cities that did not allow advertising than they were in cities that did.[40] This, presumably, suggests the cost of such regulation. What might be the benefits? Do you think that such advertising should be restricted?

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Principles Of Microeconomics

ISBN: 9781843317708

1st Edition

Authors: Libby Rittenberg, Timothy Tregarthen

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