price discrimination

Project Description:

most of the egg wholesalers supplying eggs to grocery stores in a particular area sell eggs to the retailers under various credit terms. the credit terms vary among the different buyers and sellers, but all of the wholesalers follow a common practice of reducing by 10 percent the price charged to a retailer if the retailer pays the wholesaler within three days of delivery. the various wholesalers agree that henceforth the 10 percent discount will be discontinued. if the agreement is indeed carried out by the wholesalers and the discount policy is discontinued, have the wholesalers violated any antitrust laws? explain. if a suit is brought against the wholesalers, what-if any-justification could they offer for the agreement?
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Price Type: Negotiable

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