When Acme Tools was found guilty of giving one of its retailers lower prices on goods of "like grade and quality" without any cost justification, the firm was charged with a violation of the ___________.
A) Sherman Act
B) Clayton Act
C) Robinson-Patman Act
D) Antimerger Act
E) Wheeler-Lea Amendment

Question

Quizplus · Accepted Answer

The Robinson-Patman Act prohibits price discrimination when selling "like grade and quality" goods to different purchasers without any cost justification. In this case, Acme Tools was found guilty of violating this act by giving lower prices to one of its retailers without any justification. The other options, Sherman Act, Clayton Act, Antimerger Act, and Wheeler-Lea Amendment, do not apply to this specific case.

When Acme Tools Was Found Guilty of Giving One of Its