What are the three statutory defenses under the Robinson-Patman Act for price discrimination?
What will be an ideal response?
The Robinson-Patman Act establishes three statutory defenses to Section 2(a) liability and these are described below.
Cost justification defense: Section 2(a) provides that a seller's price discrimination is not unlawful if the price differential is due to "differences in the cost of manufacture, sale, or delivery" of the product.
Changing conditions defense: Price discrimination is not unlawful under Section 2(a) if it is in response to "changing conditions in the market for or the marketability of the goods."
Meeting the competition defense: The meeting the competition defense to price discrimination is stipulated in Section 2(b) of the Robinson-Patman Act. This defense holds that a seller may lawfully engage in price discrimination to meet a competitor's price.
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The highest amount of online advertising spending is for online video ads.
Answer the following statement true (T) or false (F)
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A) ?The median assists a researcher in understanding the distribution of scores of a study. B) ?The median helps describe the average value of the distribution of scores of a study. C) ?The median helps determine a possible relationship between answers to two different items. D) ?The median reduces quantitative data such as numerous answers to questionnaire items.
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A) at the beginning B) at the end C) in the body D) in the appendix