Fair-trade laws:
A) allowed manufacturers to set minimum retail prices for their products.
B) prohibited the establishment of monopolies.
C) allowed retailers to offer lower prices to their more profitable customers.
D) established a ceiling on markups.
E) controlled how retailers use local advertising.

Question

Quizplus · Accepted Answer

Fair-trade laws permitted manufacturers to set minimum retail prices for their products, ensuring that retailers adhered to these price floors to maintain market stability and protect brand value.

Fair-Trade Laws