Which of the Following Statements Is True of the Good-Faith

question 39

Multiple Choice

Which of the following statements is true of the good-faith meeting-of-competition defense as permitted by the Robinson-Patman amendment?

• A) It applies to a situation when sellers select their own customers in good faith and not in restraint of trade.
• B) It applies to a situation when there are price differentials based on differences in the cost of manufacture, sale, or delivery of commodities.
• C) It applies to a situation that involves the setting up of barriers to market entry around a product, brand, product line, market, or market segment.
• D) It applies to a situation when a seller in good faith meets the equally low price of a competitor.
• E) It applies to a situation when price changes are made in response to changing conditions such as sales in good faith in discontinuance of business in the goods concerned.

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Definitions:

Appeals Courts

Courts that review and make decisions on cases that have been previously decided in lower courts, focusing primarily on the application of the law.

Appeals Courts

These are higher courts that review the decisions of lower courts to ensure the law was correctly applied and to address any errors. They do not re-evaluate the factual evidence.

Error Evidence

The presentation or use of incorrect information or data, often inadvertently, in arguments, research, or legal proceedings.

Lower Court

Courts that have the jurisdiction to hear and decide on cases first, before they can be appealed to higher courts.