In Arizona, fees for title insurance searches and policies were established by rating bureaus established by the

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In Arizona, fees for title insurance searches and policies were established by rating bureaus established by the title companies. The bureaus recommended rates to the state, and the state adopted those rates unless some specific objection was made. The result was that title search and insurance fees were the same for all companies within the state. The FTC filed a complaint against the title companies, alleging that they were engaged in price-fixing. The companies responded that government regulation of prices is not price-fixing. Do you agree? [FTC v Ticor Title Ins. Co., 504 U.S. 621 (1992)]

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