State laws that put a lower limit on wholesale and retail prices are called _____.In states that have these laws,selling below cost is illegal.
A) unfair trade practice acts
B) price fixing laws
C) predatory pricing acts
D) price discrimination rulings
E) channel controls

Question

Quizplus · Accepted Answer

State laws that put a lower limit on wholesale and retail prices are called unfair trade practice acts. These laws prohibit selling below cost and are designed to prevent predatory pricing practices that can harm small businesses and competition.

State Laws That Put a Lower Limit on Wholesale and Retail