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Price Discrimination
The practice of selling the same product to different customers at different prices, typically based on factors like quantity purchased, customer demographic, or market location.
Robinson-Patman Act
A United States federal law aimed at preventing anticompetitive practices by producers, specifically prohibiting price discrimination among different purchasers of the same product, when the effect may harm competition.
Predatory Pricing
A strategy where a business sells products or services at a loss or extremely low prices to eliminate competition and gain market share.
Clayton Act
A piece of antitrust legislation in the United States, passed in 1914, aimed at promoting competition among businesses by prohibiting certain practices that restrict competition.
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