Which of the following is true of fair-trade laws?
A)They allow manufacturers to stipulate minimum retail prices for their products.
B)They allow retailers to offer discount schemes on specified products.
C)They require sellers to maintain maximum prices for comparable merchandise.
D)They assert that a product's image is a property right of the retailer.

Question

Quizplus · Accepted Answer

Fair-trade laws allow manufacturers to set minimum retail prices for their products to ensure that retailers do not sell below a certain price, protecting brand value and ensuring fair competition.

Which of the Following Is True of Fair-Trade Laws