From the Wall Street Journal Today:

• The News: In a 5-4 decision, the Supreme Court ruled that manufacturers can set and enforce minimum prices for their products.
• The Background: The ruling upends a nearly 100-year-old ban on many price agreements.
• What It Means: Economists and many marketers say that most prices will still be set by give-and-take between buyer and seller. Legal experts say the government could still bring antitrust cases where price agreements are shown to reduce competition.

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