The traditional formula for determining damages for a violation of the Robinson-Patman Act was to:
A) calculate the estimated amount of lost profits.
B) determine the difference between the two prices and multiply the difference by the number of units purchased.
C) allow a jury to determine the amount of punitive damages without using any particular formula.
D) All the above.

Question

Quizplus · Accepted Answer

The traditional formula for determining damages for a violation of the Robinson-Patman Act is to determine the difference between the two prices and multiply the difference by the number of units purchased. This method is known as the "price differential theory" and is based on the idea that the discriminatory price caused the plaintiff to suffer a loss equal to the difference between the price it paid and the price paid by the favored buyer. This method does not take into account lost profits or punitive damages.

The Traditional Formula for Determining Damages for a Violation of the Robinson-Patman