A wholesaler wants to strictly adhere to the Robinson-Patman Act. The firm should develop a policy of
A) setting prices on the basis of detailed cost-accounting data.
B) not selling merchandise for less than its cost, plus overhead and profit allowances.
C) encouraging bargaining among its customers.
D) competing on the basis of discounts and terms, but not price.

Question

Quizplus · Accepted Answer

The Robinson-Patman Act is concerned with preventing price discrimination. Setting prices based on detailed cost-accounting data helps ensure that pricing is fair and consistent, thus adhering to the Act.

A Wholesaler Wants to Strictly Adhere to the Robinson-Patman Act