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)add both prices together and divide by the number of units purchased.

Question

Quizplus · Accepted Answer

The traditional formula for determining damages for a violation of the Robinson-Patman Act was 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 discrimination theory of damages, which aims to compensate the plaintiff for the overcharges they paid due to the discriminatory pricing.

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