What Is the Purpose of the Robinson-Patman Amendment

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The Answer is The 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.

What Is the Purpose of the Robinson-Patman Amendment

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What Is the Purpose of the Robinson-Patman Amendment

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