The law prohibits price discrimination of quoting different prices to different customers for the same product or service, but it permits predatory pricing to establish initial markets.

Question

Quizplus · Accepted Answer

The law, specifically the Robinson-Patman Act in the United States, prohibits certain forms of price discrimination. However, it also generally prohibits predatory pricing, which is the practice of selling a product or service at a very low price with the intent of driving competitors out of the market.

The Law Prohibits Price Discrimination of Quoting Different Prices to Different