Legal Opinion
A.A. Poultry Farms, Inc. v. Rose Acre Farms, Inc.
Court of Appeals for the Seventh Circuit
Decided August 4, 1989No. 88-1426PublishedCited by 75 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Economists frequently give agricultural products such as wheat as examples of perfect competition. Concentration is low and the product fungible. Anyone who tries to charge more than the going price loses sales quickly, making the effort unprofitable. Price closes in on marginal cost and stays there. Sellers may enter or expand output as much as they please, at the potential expense of rivals but to the definite benefit of consumers: the growing producer will be able to sell its greater supplies only at the going price or less. Growth by the more efficient producers…
2Cases cited43 opinions
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Brunswick Corp. v. Pueblo Bowl-O-Mat, Inc.Supreme Court of the United States · 1977
- Rodriguez De Quijas v. Shearson/American Express, Inc.Supreme Court of the United States · 1989
- Copperweld Corp. v. Independence Tube Corp.Supreme Court of the United States · 1984
- United States v. United States Gypsum Co.Supreme Court of the United States · 1978
38 more not listed; retrieve them via the Exa API.
3Cited by75 opinions
- Kimberly Passananti v. Cook CountyCourt of Appeals for the Seventh Circuit · 2012
- Rebel Oil Company, Inc. v. Atlantic Richfield CompanyCourt of Appeals for the Ninth Circuit · 1995
- Chicago Professional Sports Limited Partnership and Wgn Continental Broadcasting Company v. National Basketball AssociationCourt of Appeals for the Seventh Circuit · 1992
- Rebel Oil Co. v. Atlantic Richfield Co.Court of Appeals for the Ninth Circuit · 1995
- Israel Travel Advisory Service, Inc., Celia Shar, and Marilyn Ziemke v. Israel Identity Tours, Inc., Larry Ritter, and Marlene RitterCourt of Appeals for the Seventh Circuit · 1995
70 more not listed; retrieve them via the Exa API.