Asked by Chrisstin Jones on May 06, 2024
Verified
There are three major defenses to price discrimination under the Robinson-Patman Act.
Robinson-Patman Act
A U.S. law aimed at preventing anticompetitive practices by producers, specifically prohibiting price discrimination that lessens competition.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices to different buyers, without a justification based on cost differences.
- Attain an understanding of the essential principles of the Robinson-Patman Act, with a concentration on price discrimination.
Verified Answer
AA
Angelica AcelarMay 10, 2024
Final Answer :
True
Explanation :
There are three major statutory defenses to liability under the Robinson-Patman Act: cost justification,changing conditions,and meeting competition in good faith.
Learning Objectives
- Attain an understanding of the essential principles of the Robinson-Patman Act, with a concentration on price discrimination.
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