purpose of the Robinson-Patman Act is to
A) outlaw price discrimination for purchasers of the same product.
B) encourage pure competition.
C) protect inventors from having their intellectual property stolen.
D) repeal the Sherman Antitrust Act.
E) provide incentives for interstate commerce.

Question

Quizplus · Accepted Answer

The purpose of the Robinson-Patman Act is to outlaw price discrimination for purchasers of the same product. This law prohibits sellers from charging different prices to different customers for the same product, if such pricing could lead to competition and create a monopoly. The law aims to protect small businesses and promote fair competition by ensuring that all customers are offered the same price for a product.

Purpose of the Robinson-Patman Act Is to