Question
. All the lawyers practicing in the state of Chaos belong to the state bar association. The ethical rules of the bar association of Chaos
. All the lawyers practicing in the state of Chaos belong to the state bar association. The ethical rules of the bar association of Chaos provides a minimum fee schedule for various legal services, claiming that the fees represent the minimum amount of time that a lawyer should spend on an activity in order to provide competent service. One of the minimum fees is for the examination of titles to real estate. A large amount of funding for real estate sales in the state of Chaos comes from outside the state or out-of-state lending institutions. In this situation, which of the following would be correct'?
A)The federal antitrust laws do not apply because the fee schedule does not significantly impact interstate commerce.
B)The federal antitrust laws do not apply because professions are not trade or commerce and are exempt.
C)The federal antitrust laws apply only if prices are maintained at a level that is higher than what would exist if there were no suggested minimum fee schedule.
D)The federal antitrust laws apply regardless of the motive of the bar association to affect competition.
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