Asked by Carter Brown on May 18, 2024
Verified
As per the Colgate doctrine,a manufacturer cannot unilaterally refuse to deal with those who fail to follow the manufacturer's suggested resale prices.
Colgate Doctrine
A legal principle allowing manufacturers to set minimum retail prices for products under certain conditions without violating antitrust laws.
Suggested Resale Prices
Recommendations made by manufacturers or wholesalers on the price at which goods should be sold to the public.
- Inspect the legal bases of business conduct including price-fixing, market division, and vertical limitations, within antitrust law boundaries.
Verified Answer
KL
Kylie LeitenbergerMay 20, 2024
Final Answer :
False
Explanation :
In United States v.Colgate & Co.(1919),the Supreme Court held that a manufacturer could unilaterally refuse to deal with those who failed to follow the manufacturer's suggested resale prices.
Learning Objectives
- Inspect the legal bases of business conduct including price-fixing, market division, and vertical limitations, within antitrust law boundaries.