The Robinson-Patman Act of 1936

question 81

Multiple Choice

The Robinson-Patman Act of 1936

• A)made conspiracy in the restraint of trade illegal.
• B)made price discrimination, exclusive dealing, tying contracts, and the acquisition of competing companies' stock illegal when they "substantially lessen competition or tend to create a monopoly."
• C)declared "unfair methods of competition in commerce" illegal.
• D)attempted to decrease the failure rate of small businesses by protecting them from the competition of large and growing chain stores.
• E)banned anticompetitive mergers that occurred as a result of one company acquiring the physical assets of another company.

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Definitions:

Strong Base

A strong base is a substance that can completely dissociate into its ions in aqueous solution, resulting in a high pH.

Weak Base

A base that does not fully dissociate in solution, resulting in a relatively low pH compared to strong bases.

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 (very acidic) to 14 (very basic), and 7 being neutral.

pH

A numerical scale ranging from 0 to 14 that determines the level of acidity or alkalinity in water-based solutions.