The U.S. Supreme Court ruled yesterday that manufacturers have the legal right to set minimum prices for goods sold through retail stores. The ruling overturns a 96-year legal decision that had put pricing in the hands of retailers. In its new ruling, the Court has taken the position that manufacturer-set minimum prices do not always discourage competition and in some cases encourage it. How will the Supreme Court ruling in the Leegin vs. Kay's Kloset case affect the relationship between retailers and manufacturers?

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