Which legislation 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

Quizplus · Accepted Answer

The Robinson-Patman Act (of 1936)makes illegal any price discrimination-selling the same products to different buyers at different prices-if it injures competition.The law does permit some price differences,but they must be based on cost differences or the need to meet competition.

Which Legislation Prohibits Price Discrimination Unless It Is Based on Cost