Asked by
Maryann Calapano
on Dec 15, 2024
Verified
Price discrimination is illegal under the
A) Sherman Act.
B) Consumer Goods Pricing Act.
C) Robinson-Patman Act.
D) Federal Trade Commission Act.
E) Anti-Competitive Act.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider.
Robinson-Patman Act
A United States federal law aimed at preventing anticompetitive practices by producers, specifically prohibiting price discrimination that could lessen competition.
Illegal
Activities or actions that are prohibited by law and subject to penalties.
- Elucidate the legal factors and rules influencing pricing based on geographic location and modifications in pricing.
- Understand the function of governmental oversight in averting unjust pricing strategies, including price manipulation and discriminatory pricing.
Verified Answer
RC
Learning Objectives
- Elucidate the legal factors and rules influencing pricing based on geographic location and modifications in pricing.
- Understand the function of governmental oversight in averting unjust pricing strategies, including price manipulation and discriminatory pricing.