POSNER, Circuit Judge.
This is an antitrust case of Doric simplicity—yet some difficulty. Harold Vogel, an experienced gem appraiser, charges a flat one percent fee, subject to a minimum fee of $10. He was a member of the principal (and to simplify this opinion we shall pretend the only) defendant, the American Society of Appraisers, until it expelled him pursuant to a bylaw of the Society which states "that it is unprofessional and unethical for the appraiser...
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