Chat with AIExam 16: Regulating Competitionantitrust Laws
It is just as illegal to receive the benefit of price discrimination as it is to give a lower price to one or two buyers.
(38) 
VerifiedTrue
What is the purpose of the Robinson-Patman amendment?
(38) VerifiedThe Robinson-Patman amendment attempts to ensure equality of price to all customers of a seller of commodities for resale.The law protects a single competitor who is victimized by price discrimination.It is a violation both to knowingly give and to receive the benefits of such discrimination.Therefore,the law applies to both sellers and buyers.It is just as illegal to receive the benefit of price discrimination as it is to give a lower price to one of two buyers.The Robinson-Patman amendment extends only to transactions in interstate commerce; it does not extend to transactions that affect only intrastate commerce.In addition,the law is applicable only to the sale of goods; it does not cover contracts that involve the sale of services or the sale of advertising such as television time.The Robinson-Patman amendment gives the Federal Trade Commission jurisdiction and authority to regulate quantity discounts.It also prohibits certain hidden or indirect discriminations by sellers in favor of certain buyers.This statute declared predatory pricing to be illegal.
The Robinson-Patman amendment extends only to transactions in intrastate commerce.
(28) VerifiedFalse
Maximum-price agreements are just as illegal as minimum-price agreements.
(38) The Robinson-Patman amendment gives the Federal Trade Commission jurisdiction and authority to
(35) What are the basic provisions of the National Cooperative Production Amendment Act?
(29) In ______,the price of goods and services is limited to levels that tend to discourage new entry to markets.
(35) The ______ attempted to eliminate the advantage that a large buyer could secure over a small buyer solely because of the larger buyer's quantity-purchasing ability.
(39) Sherman Act cases need not satisfy an interstate commerce element to be constitutionally valid.
(32) Courts develop the distinction between rule of reason and per se illegality on a case-by-case basis.
(40) The Federal Trade Commission has broad,sweeping powers and a mandate to determine what methods,acts,or practices in commerce constitute unfair competition.
(37) To avoid the impact of a guilty plea or a conviction on a pending civil antitrust suit,a criminally accused defendant is most likely to plead ______.
(37) 
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