PharMax, a pharmaceutical manufacturer, sells its drugs for use in not-for-profit hospitals at a lower wholesale price than the
price given to commercial pharmacies. CPC Inc., a commercial pharmacy chain, files suit alleging a violation of the price discrimination laws. What is the likely outcome of the suit?
The Robinson-Patman Act contains the regulations that govern price discrimination. The purpose of this Act is to prevent unfair competition. The Act sets forth that a business must sell its products at the same price regardless of who the purchaser is. However, in the question at issue, there is a not-for-profit hospital involved, which is the buyer of the drugs. In this case, PharMax may resort to the Non-Profit Institutions Act (NPIA), which is the exemption to the Robinson–Patman Act referred to above, and claim that according to the NPIA, pharmaceutical manufacturers are entitled to sell hospitals, libraries and universities (non-profit institutions), discounted products. As a consequence, the hospital shall receive the drugs at a lower price than that charged to other retail pharmacy.
To sum up, there is no violation of the price discrimination laws and CPC Inc. will lose the lawsuit.
According to me...I won't feel confident when making that decision because that decision will be based on the rules that I must follow and I also believe that when I'm taking a decision is going to be based on what situation you are in.
So decisions are not suppose to be based on rules because everyone have a right to take or make a decision that is suitable for themselves.
Answer:GDP:Accordingly, GDP is defined by the following formula: GDP = Consumption + Investment + Government Spending + Net Exports or more succinctly as GDP = C + I + G + NX where consumption (C) represents private-consumption expenditures by households and nonprofit organizations, investment (I) refers to business expenditures.
Investments: the action or process of investing money for profit or material result.
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How many what? You can't say how many, A sponsor may be a person, typically a legislator, who presents a bill for consideration. People who support it are called cosponsors.
