Asked by Susana Contreras on May 01, 2024
Verified
Section 2(b) of the Robinson-Patman Act allows a seller to price discriminate in certain geographic areas if the competition has a lower price.According to Section 2(b) ,what can the seller lower the price to?
A) To the same price as the competitor
B) To any price that beats the competitor
C) 10% discount off the list price of the seller
D) 50% discount off the list price of the seller
Robinson-Patman Act
A law at the federal level within the United States designed to prevent producers from conducting business in a way that undermines competitive fairness, with a specific focus on prohibiting price discrimination.
- Acknowledge the criticality and juridical repercussions of discriminatory pricing as per the Robinson-Patman Act.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
A
Explanation :
Section 2(b)of the Robinson-Patman Act allows a seller to reduce their price to the same price as the competitor.
Learning Objectives
- Acknowledge the criticality and juridical repercussions of discriminatory pricing as per the Robinson-Patman Act.
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