A Manufacturer Could Try to Defend Itself Against Charges of Price

question 70

Multiple Choice

A manufacturer could try to defend itself against charges of price discrimination under the Robinson-Patman Act by claiming that:

• A) the products were not of "like grade and quality."
• B) any price differences were to "meet competition in good faith."
• C) the price differences did not injure competition.
• D) the price differences were justified on the basis of cost differences.
• E) All of these are possible defenses against price discrimination charges.

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Definitions:

Economic Depression

A long-term downturn in economic activity characterized by high unemployment, scarce credit, reduced output and investment, and deflation.

Great Uprising

Refers to a significant revolt or movement, often in a social or political context, that leads to profound change or upheaval.

Wage Cuts

Reductions in the amount of pay that employees receive, often implemented by employers during financial difficulties.

Central Conflict

The primary disagreement or challenge that drives the narrative or situation.