Asked by yiming Zhang on May 23, 2024
Verified
Resale price maintenance prevents retailers from competing on price.
Resale Price Maintenance
A practice where manufacturers set the minimum prices that retailers can charge for their products.
- Recognize the effects of resale price maintenance on market competition and its legitimate economic purposes.
Verified Answer
RB
Racheal BrageeMay 29, 2024
Final Answer :
True
Explanation :
Resale price maintenance is a practice where manufacturers or wholesalers set the minimum prices at which retailers can sell their products, thus limiting the ability of retailers to compete based on price.
Learning Objectives
- Recognize the effects of resale price maintenance on market competition and its legitimate economic purposes.
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