Examlex
Which of the following best defines delegation of authority?
Sherman Act
An antitrust law in the United States passed in 1890 to prevent anticompetitive practices, monopolies, and to promote fair competition for the benefit of consumers.
Per Se Illegal
Activities or agreements that are automatically considered illegal, without needing further proof of their harm or intent.
Robinson-Patman Act
A United States federal law aimed at prohibiting anticompetitive practices by producers, specifically price discrimination.
Price Discrimination
Price discrimination occurs when a seller charges different prices to different customers for the same product or service, where such differences cannot be justified by variations in cost.
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