By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday is set to consider the National Collegiate Athletic Association’s bid to maintain its limits on education-related compensation for student-athletes – restrictions that a lower court deemed an anticompetitive business practice.

The justices are due to hear oral arguments in an appeal by the NCAA, the major governing body for U.S. intercollegiate sports, of a lower court decision last year that found the organization’s rules to be anticompetitive under a federal law called the Sherman Antitrust Act. Although the case d…

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