Examlex
A science instructor assigns a group of students to investigate the relationship between the pH of the water of a river and its water's hardness (measured in grains) .Some students wrote these conclusions: "there was a very strong correlation of 1.35 between pH of the water and water's hardness." Is the calculation of the correlation appropriate?
Robinson-Patman Act
A U.S. law aimed at preventing anticompetitive practices by producers, specifically prohibiting price discrimination that lessens competition.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices to different buyers, without a justification based on cost differences.
Noerr-Pennington Doctrine
a legal principle protecting the right to petition the government from liability in antitrust actions.
Clayton Act
A U.S. antitrust law, enacted in 1914, which aims to promote competition and prevent monopolies by prohibiting certain anti-competitive practices.
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