The Robinson-Patman Act was passed in 1936 and
A)made the practice of price fixing illegal.
B)requires sellers to charge everyone the same price for a product.
C)established maximum rates for tariffs on imports and exports.
D)was designed to protect consumers from false advertising practices.
E)established the Federal Trade Commission.

Question

Quizplus · Accepted Answer

The Robinson-Patman Act requires sellers to charge everyone the same price for a product, prohibiting price discrimination that harms competition. It does not make price fixing illegal or establish maximum rates for tariffs on imports and exports, nor does it directly protect consumers from false advertising practices or establish the Federal Trade Commission (the FTC was established in 1914).

The Robinson-Patman Act Was Passed in 1936 and