Asked by Saarthak Sharma on Jun 09, 2024
Verified
In an attempt to limit the power of large purchasers, Congress amended Section 2 of the Clayton Act in 1936 by adopting the:
A) Sherman Act.
B) Federal Trade Commission Act.
C) Robinson-Patman Act.
D) Clayton Bulk Buyers Amendment.
Clayton Act
An antitrust law enacted in 1914 in the United States, aimed at promoting fair competition and preventing monopolies by prohibiting certain actions that could lead to anti-competitive practices.
Robinson-Patman Act
U.S. legislation aimed at preventing unfair competition and price discrimination by regulating trade practices in the wholesale level.
Large Purchasers
Entities or individuals who buy goods or services in substantial volumes, often securing discounted prices or advantageous terms.
- Understand the function of the Clayton Act and the regulations it contains regarding antitrust issues.
Verified Answer
SS
Sharon ShresthaJun 12, 2024
Final Answer :
C
Explanation :
The Robinson-Patman Act of 1936 was adopted as an amendment to the Clayton Act to address anti-competitive practices by large purchasers, specifically targeting price discrimination that could harm competition.
Learning Objectives
- Understand the function of the Clayton Act and the regulations it contains regarding antitrust issues.