Which act prohibits price discrimination unless it is based on cost differences or the need to meet competition?
A) Sherman Act
B) Federal Trade Commission Act
C) Robinson-Patman Act
D) Magnuson-Moss Act
E) Wheeler-Lea Act

Question

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The Robinson-Patman Act prohibits price discrimination unless it is based on cost differences or the need to meet competition. The Sherman Act prohibits monopolies and anticompetitive behavior, the Federal Trade Commission Act prohibits unfair methods of competition and deceptive practices, the Magnuson-Moss Act regulates warranties for consumer products, and the Wheeler-Lea Act outlaws unfair or deceptive acts or practices in commerce.

Which Act Prohibits Price Discrimination Unless It Is Based on Cost