Which of the following antitrust laws forbade firms to engage in price discrimination if the effect would lessen competition or create a monopoly?
A)the Sherman Act
B)the Clayton Act
C)the Robinson-Patman Act
D)the Cellar-Kefauver Act

Question

Quizplus · Accepted Answer

The Robinson-Patman Act, also known as the Anti-Price Discrimination Act, was passed in 1936 and makes it illegal for firms to engage in price discrimination if the effect would lessen competition or create a monopoly. The Sherman Act, passed in 1890, prohibits monopolies and anticompetitive behavior. The Clayton Act, passed in 1914, prohibits anticompetitive mergers and other business practices. The Cellar-Kefauver Act, passed in 1950, amends the Clayton Act to close a loophole that allowed mergers to avoid antitrust scrutiny by avoiding the purchase of assets.

Which of the Following Antitrust Laws Forbade Firms to Engage