Asked by courtney mitchell on Jun 01, 2024
Verified
The Robinson-Patman act
A) Is a part of the antitrust laws
B) Makes it illegal to give a price discount on a good sold to another business
C) Makes it illegal to give a price discount on a good sold to final customers
D) Both A&B
Antitrust Laws
Legislation enacted by the government to prevent monopolies and to foster competition in the marketplace.
Illegal
Activities or actions that are forbidden by law or statute, punishable by fines, imprisonment, or other sanctions.
Price Discount
A reduction from the original or listed price of a product or service, typically offered to stimulate sales or clear inventory.
- Assess the consequences of the Robinson-Patman act on pricing tactics.
Verified Answer
MA
mohammad alnowaifJun 02, 2024
Final Answer :
D
Explanation :
The Robinson-Patman act is a part of antitrust laws that makes it illegal to give a price discount on a good sold to another business, which can result in unfair competition. Thus, options A and B are correct. However, it does not prohibit discounts given to final customers, so option C is incorrect.
Learning Objectives
- Assess the consequences of the Robinson-Patman act on pricing tactics.