New York City is the greatest single liquor market in the U. S. It is also paradise for liquor retailers, whose 40% markup is the country's highest. Ever since New York State legislators passed the Feld-Crawford Act (1935) New York City has also been No. 1 test tube for price-fixing laws. Under the Act (similar to price-fixing laws in 42 other States), prices of all trademarked articles can be price-fixed "vertically" by agreement between manufacturer and retailer.
In five years of Feld-Crawford, hundreds of retail liquor price wars have been nipped in...
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