Question

The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor. Multiple Choice Federal Trade Commission Act Wheeler-Lea amendment Gramm-Rudman-Hollings Act Robinson-Patman amendment Free Exercise Act

Answer 1

The (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.

What is the Robinson-Patman act?

• The Robinson-Patman Act is a federal statute that was created in 1936 to make pricing discrimination illegal.
• The Robinson-Patman Act amends the Clayton Antitrust Act of 1914 in order to prohibit "unfair" competition.
• The Robinson-Patman Act is a federal statute that prohibits pricing discrimination.
• The law prohibits wholesalers from charging varying pricing to different merchants.
• The act only applies to interstate commerce and includes an exemption for "cooperative associations."
• Economists and legal scholars have strongly opposed the measure on a variety of grounds.

Therefore, the (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.

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Complete question:

The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.

Multiple Choice

(A) Federal Trade Commission Act

(B) Wheeler-Lea amendment

(C) Gramm-Rudman-Hollings Act

(D) Robinson-Patman act

(E) Free Exercise Act