Asked by Valentina Shekar on Sep 24, 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) Is also known as the Anti-Chain-store Act
D) All of the above
Robinson-Patman Act
A United States federal law aimed at preventing anticompetitive practices by producers, specifically price discrimination.
Antitrust Laws
Legislation designed to prevent monopolies and promote competition among businesses, ensuring fair market practices.
Anti-Chain-Store Act
Legislation aimed at limiting or regulating the expansion and operation of chain stores to protect local businesses and maintain market competition.
- Examine the effects of the Robinson-Patman act on approaches to pricing.
Verified Answer
BS
Bilal Siddiqui1 day ago
Final Answer :
D
Explanation :
The Robinson-Patman Act is indeed part of the antitrust laws, designed to prevent unfair competition and price discrimination. It makes it illegal to charge different prices to different purchasers if it affects competition, and it is also known as the Anti-Chain-Store Act, aiming to protect small retailers from the purchasing power of larger chain stores.
Learning Objectives
- Examine the effects of the Robinson-Patman act on approaches to pricing.