Which of the Following Laws Specifically Makes Illegal Any Price

question 102

Multiple Choice

Which of the following laws specifically makes illegal any price discrimination which injures competition?

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

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Definitions:

Mere Exposure Effect

The phenomenon whereby people tend to develop a preference for things or people they are exposed to repeatedly.

Two-factor Theory

Describes emotional experience as a combination of two components: physical arousal and a cognitive label applied to explain the arousal.

Mirror-image Perceptions

A term referring to the mutual views often held by conflicting people, where each side sees itself as ethical and peaceful and views the other as evil and aggressive.

Physical Attractiveness

How much a person's physical attributes are regarded as attractive or pleasing to the eye.