Question

Explain what the Robinson-Patman Act prohibits, what is required to show a violation, and what the...

Explain what the Robinson-Patman Act prohibits, what is required to show a violation, and what the defenses are.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Robinson-Patman Act is an act which prohibits the sales which make discrimination in price on selling goods to equally situated distributors. The effect of such sale is mainly to reduce or decrease competition and it might give favored customers an advantage or priviledge in the market which is not related to the actual efficiency. This act is considered to violate antitrust laws which cause injury to propery or business.

The defences of this act are:

  • The concession on price was given as a good faith in order to meet competitor's price.
  • The difference in price is justified by multiple costs in sale, manufacture or delivery.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
what are the ethical considerations of Robinson patman act with references
what are the ethical considerations of Robinson patman act with references
Are any of the following fact-patterns Antitrust Violations under the Sherman Act, Clayton Act, or Robinson-Patman...
Are any of the following fact-patterns Antitrust Violations under the Sherman Act, Clayton Act, or Robinson-Patman Act? Jay Corporation, the largest manufacturer of bicycles in the United States with 40 percent of the market, has recently entered into an agreement with Retail Bike, the largest retailer or bicycles in the United States with 37 percent of the market, under which Jay will furnish its bicycles only to Retail, and Retail will sell only Jay's bicycles. The government is now questioning...
4. The Utah Pie Company made and sold frozen pies in the Salt Lake City area....
4. The Utah Pie Company made and sold frozen pies in the Salt Lake City area. The company was an immediate success; in 1958, it had two-thirds of the frozen pie market in Salt Lake. In response to the loss of their market share, three large pie makers – Carnation, Pet, and Continental—cut their prices to try to regain a share of the market. Their strategy was partly successful, as their market share rose from 28% to 46% in 1961...
What is the Commerce Clause of the United States Constitution? The U.S. Supreme Court has a...
What is the Commerce Clause of the United States Constitution? The U.S. Supreme Court has a ruled that a state violates the Commerce Clause when …. What are the 3 major areas in which governments regulate commerce? What is a security? Describe the Securities Act of 1933 – What is the Securities and Exchange Commission? What is the Registration Statement? Define Sarbanes-Oxley Act and define it purpose. Define Antitrust What is a monopoly in business – Describe The Sherman Antitrust...
If an estimator is said to be not seriously affected by the violation of assumptions. What...
If an estimator is said to be not seriously affected by the violation of assumptions. What type of estimator is it? Explain in full detail!
Explain the legal basis for a cause of action against an auditor. What are the defenses...
Explain the legal basis for a cause of action against an auditor. What are the defenses available to the auditor to rebut such charges? How does adherence to the ethical standards of the accounting profession relate to these defenses?
PLEASE USE EXCEL FOR SOLUTION AND SHOW FORMULAS WITH ARGUMENTS!! Suppose ACT Reading scores are normally...
PLEASE USE EXCEL FOR SOLUTION AND SHOW FORMULAS WITH ARGUMENTS!! Suppose ACT Reading scores are normally distributed with a mean of 21.6 and a standard deviation of 6.3. A university plans to award scholarships to students whose scores are in the top 9%. What is the minimum score required for the scholarship? Round your answer to the nearest tenth, if necessary. PLEASE USE EXCEL AND SHOW FORMULAS W/ARGUMENTS. THANK YOU!
What did bandura, ross, and ross's "bobo doll" research show? a. when children "vent" (act out)...
What did bandura, ross, and ross's "bobo doll" research show? a. when children "vent" (act out) their frustration and anger by beating up a large inflatable doll, they become less likely to act in aggressive ways later b. that children are naturally agrressive c. that children who play with dolls are more likely than other children to develop empathy d. that children could learn to engage in specific aggressive behaviors merely by observing them
Please discuss the structure of the Customs Tariff Act. Further, what is the purpose of the...
Please discuss the structure of the Customs Tariff Act. Further, what is the purpose of the Export/Import Permit Act? please explain in detail.
Describe an occurrence of unethical leadership in an organization. What motivated the unethical act? Explain whether...
Describe an occurrence of unethical leadership in an organization. What motivated the unethical act? Explain whether the unethical behavior was driven by personal greed or for some other reason. Do you believe that a leader can behave unethically in their personal life or at work and still be an effective leader?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT