How have courts interpreted the assumption that profit-maximizing behavior is a factor in determining whether a company can increase its prices?
MultiRegion, United States of America
The following excerpt is from Knutson v. Daily Review, Inc., 548 F.2d 795 (9th Cir. 1976):
19 In another case we employed another corollary of the assumption of profit-maximizing behavior. In Gray v. Shell Oil Co. (9th Cir. 1972) 469 F.2d 742, gasoline distributors claimed that the oil company's control over retail prices prevented them from raising their prices and realizing a higher profit. Citing evidence that dealer price hikes had resulted in a decrease in profits, the court held that the fact of damage was not proven. (469 F.2d at 749-50.)
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the test for determining whether a party’s intention is a determining factor in determining whether there is a contract for services? (Canada (Federal), Canada)
Does a state court have the authority to interpret the findings of a federal court when determining whether a federal judge has found that a state judge has jurisdiction to interpret a federal finding? (MultiRegion, United States of America)
What is the test for determining whether age was a determining factor in determining whether a plaintiff should be retained or discharged? (MultiRegion, United States of America)
What factors are considered to determine whether inducement was a factor in determining whether an individual was entrapped in a criminal case? (MultiRegion, United States of America)
What is the standard of "substantive reasonableness" used by the Court of Appeal to determine whether a factor relied on by the sentencing court was unreasonable? (MultiRegion, United States of America)
What is the test for a federal district court to determine whether a state court or federal court has jurisdiction to rule on a federal Railroad Commission case? (MultiRegion, United States of America)
What is the test for determining whether a federal court would interpret a state's position on an issue before making a federal determination? (MultiRegion, United States of America)
What are the factors used by the New York State Court to determine whether a defendant should be prosecuted for contempt of court? (MultiRegion, United States of America)
What is the test for determining whether a defendant has considered each of the factors that determine whether they have been found liable for damages? (MultiRegion, United States of America)
What factors will the Court consider when determining whether to grant leave for a company to appeal against a finding of unfair dismissal? (Canada (Federal), Canada)
