Minimum-price laws are intended to protect small retailers from _____.
A)price discrimination
B)the Robinson-Patman Act
C)predatory pricing by larger firms
D)item pricing removal

Question

Quizplus · Accepted Answer

Minimum-price laws are regulations set by governmental bodies to ensure that smaller retailers can compete with larger retailers who may practice predatory pricing. This means that larger retailers may set prices at artificially low levels, which small retailers cannot match, leading to them being pushed out of the market. Minimum-price laws prevent this by requiring retailers to sell at a certain price and stopping larger competitors from undercutting smaller businesses.

Minimum-Price Laws Are Intended to Protect Small Retailers from _____