Asked by Michael Megler on Apr 25, 2024
To combat price discrimination that injures competition, the __________ was made into law in 1936 with the goal of requiring sellers to charge everyone the same price.
Robinson-Patman Act
An American federal statute that forbids practices that hinder competition among producers, notably price discrimination.
Price Discrimination
A pricing approach in which the same provider charges different prices for products or services that are identical or very similar, depending on the market.
- Outline the pricing regulations and ethical standards that must be considered.
Learning Objectives
- Outline the pricing regulations and ethical standards that must be considered.