Answer: price discrimination
Explanation: The Robinson - Patman act was implemented in 1936. It was implemented to prohibit the anti-competitive practices in the market specially price discrimination.
It was made to protect the small retail shops from chain stores operating at a higher level. Under the act, Govt. fixed a minimum price for retail products so that no seller could conduct any kind of price discrimination.
Hence the correct option is E.
The correct answer is E. Price discrimination
Explanation:
Price discrimination occurs as sellers offer the same products or services at different prices to customers. This is an unfair trading practice because the seller charges high prices for some customers. Like many other unfair practices this has been addressed through federal law in the U.S. Indeed, one of the main acts that forbid price discrimination is the Robinson-Patman Act that stablished this practice was against the law and leads to penalties. Additionally, this act was approved in 1936 and was necessary to protect customers and small businesses. Thus, the Robinson-Patman Act prevents price discrimination.
