Question: 1. You're in line at the movie theater when you overhear a stranger say: "The FDA has just approved Hernstrom's new painkiller. When the announcement is made on Monday, Hernstrom stock will take off." What if you buy stock of the company before the announcement on Monday?
2. Fifty bakeries in New York agreed to raise the retail price of bread from 75¢ to 85¢. All the association's members printed the new price on their bread sleeves. Are the bakeries in violation of the antitrust laws?