Asked by Ashton Colby on Sep 24, 2024
Verified
The __________ declared that some forms of price discrimination is illegal,especially when it decreases competition.
A) Robinson-Patman Act
B) Sherman Antitrust Act of 1890.
C) Merger Act
D) Federal Trade Commission Act.
Robinson-Patman Act
U.S. legislation aimed at preventing anticompetitive practices by producers, specifically price discrimination.
Sherman Antitrust Act
A landmark federal statute passed in the United States in 1890 aimed at promoting economic competitiveness by prohibiting monopolies, cartels, and other forms of anticompetitive behavior.
Decreases Competition
When the number of competitors in the market diminishes, leading to less competition.
- Acquire knowledge on legal matters pertaining to price discrimination, centering on the Robinson-Patman Act.
Verified Answer
HS
Harmeen Saini4 days ago
Final Answer :
A
Explanation :
The Robinson-Patman Act, also known as the Anti-Price Discrimination Act of 1936, declared that certain types of price discrimination are illegal, particularly when they reduce competition. This act aims to prevent unfair pricing practices that can harm smaller businesses. Therefore, option A is the best choice. The other options also deal with antitrust laws, but they are not specifically related to price discrimination.
Learning Objectives
- Acquire knowledge on legal matters pertaining to price discrimination, centering on the Robinson-Patman Act.