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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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What is the Robinson-Patman act?</h3>
- 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.
Know more about Robinson-Patman act here:
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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
Answer:
$12,000
Explanation:
Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3
Using this formula
Wages Expense=Daily payroll *2 days
Let plug in the formula
Wages Expense=$6,000*2 days
Wages Expense=$12,000
Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 is $12,000
A carpet cleaning company, or dry cleaning, pest control, etc.
