Which of the Following Acts Prohibits a Firm from Selling

question 20

Multiple Choice

Which of the following acts prohibits a firm from selling to two or more different buyers,within a reasonably short time,commodities (not services) of like grade and quality at different prices where the result would be to substantially lessen competition?

• A)The Federal Trade Commission Act
• B)The Food and Drug Administration Act
• C)The Sherman Act
• D)The Robinson-Patman Act

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Definitions:

Design Thinking

is a problem-solving approach that involves empathy, creativity, and rationality to meet user needs and solve complex issues.

Line Extension

The addition of new products to an existing product line of a brand, often in the same product category, to target a wider audience or offer more variety.

Disruptive Innovation

An innovation that significantly alters the way a market or industry functions, often displacing established competitors and reshaping the landscape.

Line Extension

A strategy that involves introducing additional items in the same product category under the same brand name, such as new flavors, forms, colors, added ingredients, or package sizes.