Tag: price discrimination

Robinson-Patman Act

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The 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. […]

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Price Discrimination

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The term “price discrimination” refers to the strategy of selling the same product to different buyers at different prices. Businesses engaged in a pure form of price discrimination may interact with each customer, charging them the maximum they are likely to be willing to pay. More commonly, price discrimination involves placing customers into individually defined groups according to such factors […]

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