Which of the following antitrust laws forbade firms to engage in price discrimination if the effect would lessen competition or create a monopoly?

A) the Cellar-Kefauver Act B) the Clayton Act
C) the Robinson-Patman Act D) the Sherman Act

C

Economics

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All of these are true, except

a. If production exhibits diseconomies of scope, firm should pair down production line to reduce costs. b. If production exhibits diseconomies of scope, firm should pair up production line to reduce costs. c. If production exhibits economies of scope, firm should pair up production line to reduce costs. d. If production exhibits economies of scope, firm should pair down production line to increase costs.

Economics

Suppose a monopolist's demand curve lies below its average variable cost curve. The firm will:

a. stay in operation in the short-run. b. earn an economic profit. c. earn an economic profit in the long run. d. shut down.

Economics