I remember the first story my (baby) economics professor told me:
A local gas station changed gas prices to above a dollar and got a visit from the Sheriff's office. The demand was simple: you can either continue to charge ninety nine cents or you can close the pump. However, due to a chance of public unrest, you may not charge a dollar or more at this time.
What the professor didn't have to say is that in real life local authorities have incredible latitude and we must comply at least while we "work the courts". I think the morale was that free enterprise doesn't exist anywhere in real life and probably for good reason.
A local gas station changed gas prices to above a dollar and got a visit from the Sheriff's office. The demand was simple: you can either continue to charge ninety nine cents or you can close the pump. However, due to a chance of public unrest, you may not charge a dollar or more at this time.
What the professor didn't have to say is that in real life local authorities have incredible latitude and we must comply at least while we "work the courts". I think the morale was that free enterprise doesn't exist anywhere in real life and probably for good reason.