Which of the Following Laws Focuses on Price Discrimination on Goods

question 297

Multiple Choice

Which of the following laws focuses on price discrimination on goods of "like grade and quality" without a cost justification?

• A) The Fair Prices Act
• B) The Robinson-Patman Act
• C) The Federal Trade Commission Act
• D) The Magnuson-Moss Act
• E) There are no laws regulating price discrimination.

---

Definitions:

Clayton Act

A U.S. legislation aimed at increasing economic competition and preventing monopolies by addressing specific practices deemed harmful to competition.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.

Robinson-Patman Act

A federal law aimed at preventing unfair competition and anti-competitive practices, such as price discrimination by suppliers.

Promotional Deal

A marketing strategy that involves offering products or services at a reduced price or with added benefits for a limited time to stimulate demand or attract customers.