The Law Dictionary for Everyone
When consumers decide what products to buy, and where to buy them, it is with an expectation that the prices are based on supply and demand, as well as the need for retailers or service providers to compete in an open market for their business. When competitors in any market, whether retailers or providers of essential services, come together to […]
Read moreThe Robinson-Patman Act of 1936, also referred to as the “Anti-Price Discrimination Act,” is a part of United States federal law that prohibits producers of products from participating in anticompetitive practices. The act specifically limits price discrimination and it is an amendment to the Clayton Antitrust Act, which was the first law of its kinds to prevent unfair price discrimination. […]
Read more
