What would be the result of the suit


Problem

The traditional Hawaiian art of weaving lauhala hats is nearly lost because so few people know how to do it. In a gesture of cultural support, the Chinese Restaurant Association pledges financial support to keep this art alive. Because the restaurant industry is fiercely competitive and no economic profit exists, each member of the association agrees to raise the price of their meals by 5% to provide the necessary funds. Will the DOJ file an anti-trust suit? Explain. If it does, what would be the result of the suit?

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Microeconomics: What would be the result of the suit
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