This __________ Declared That Price Discrimination Is Illegal Especially When

question 30

Multiple Choice

This __________ declared that price discrimination is illegal especially when it decreases competition.

• A)Robinson-Patman Act
• B)Sherman Antitrust Act of 1890.
• C)Merger Act
• D)Federal Trade Commission Act.

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Definitions:

Cost Reconciliation Report

A financial document used to reconcile and explain the differences between the cost of beginning and ending inventories in the manufacturing process.

Equivalent Units

A concept in cost accounting used to estimate the amount of finished goods produced from raw materials and partial productions.

Units Transferred Out

In a production or manufacturing process, this refers to the number of units completed and moved out of a process or department during a given period.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period.