Asked by Patrick Alves on Jul 04, 2024
Verified
Which of the following is FALSE?
A) The Robinson-Patman act is a part of the antitrust laws
B) Under the Robinson-Patman act it is illegal to give a price discount on goods sold to another business
C) Under the Robinson-Patman act,it is illegal to give a price discount on goods sold to final customers
D) Under the Robinson-Patman act,the only discount allowed is the one based on difference in servicing costs of different groups
Robinson-Patman Act
A 1936 U.S. law aimed at preventing anticompetitive practices by producers, specifically price discrimination.
Antitrust Laws
Legislation intended to promote competition and prevent monopolies by regulating corporate behavior and ensuring fair competition.
Price Discount
A reduction from the original or listed price of a good or service to encourage purchase.
- Understand legal considerations related to price discrimination, focusing on the Robinson-Patman Act.
Verified Answer
Learning Objectives
- Understand legal considerations related to price discrimination, focusing on the Robinson-Patman Act.
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