Asked by
Dr. Arlet Arratoonian
on Dec 13, 2024
Verified
The federal government enacted the ________ to make it unlawful to discriminate in prices charged to different purchasers of the same product, where the effect may substantially lessen competition or help to create a monopoly.
A) Fair Trade Act
B) Clayton Act
C) Lanham Act
D) Robinson-Patman Act
E) Unfair Practices Act
Clayton Act
U.S. legislation enacted to amend antitrust laws, prohibiting certain practices that could lead to anti-competitive behaviors.
Robinson-Patman Act
A United States federal law aimed at protecting small businesses from predatory pricing practices by larger competitors and preventing price discrimination.
Discriminate in Prices
The practice of charging different prices to different consumers for the same product or service, based on various factors such as willingness to pay, location, or purchase volume.
- Comprehend the significance and consequences of federal laws on business competition, including the Clayton Act, Sherman Antitrust Act, and Robinson-Patman Act.
- Recognize the economic and regulatory factors impacting the marketing landscape, such as antitrust legislation and consumer safeguarding measures.
Verified Answer
AD
Learning Objectives
- Comprehend the significance and consequences of federal laws on business competition, including the Clayton Act, Sherman Antitrust Act, and Robinson-Patman Act.
- Recognize the economic and regulatory factors impacting the marketing landscape, such as antitrust legislation and consumer safeguarding measures.