Which Act Prohibits Price Discrimination Unless It Is Based on Cost

question 29

Multiple Choice

Which act prohibits price discrimination unless it is based on cost differences or the need to meet competition?

• A) Sherman Act
• B) Federal Trade Commission Act
• C) Robinson-Patman Act
• D) Magnuson-Moss Act
• E) Wheeler-Lea Act

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Definitions:

Incongruence

A state where there is a discrepancy between one's self-perception and the reality of one’s experience or environment.

Congruence

The degree to which people's actions are consistent with their self-concept and values, a key concept in humanistic psychology.

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Exploit

To make use of something (usually resources) in a way that benefits one but may be considered unfair or unethical.