An Injunctive Norm

question 1

Multiple Choice

An injunctive norm

• A) indicates what we should or should not do.
• B) indicates what other people actually do.
• C) is an explicit rule about how to behave, such as a law.
• D) exerts little control over people's behavior.

---

Definitions:

Robinson-Patman Act

is a United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Producer Surplus

The disparity between what sellers are prepared to accept for a product or service and the amount they actually get.

Antitrust Laws

Legislation enacted by the government to prevent monopolies and to foster competition in the marketplace.