Predatory pricing was declared illegal by the:
A) Robinson-Patman Act.
B) Federal Trade Commission Act.
C) Sherman Act.
D) Wheeler-Lea amendment to the Clayton Act.
E) Gramm-Rudman-Hollings Act.

Question

Quizplus · Accepted Answer

The Robinson-Patman amendment to the Clayton Act makes it a crime for a seller to sell either at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor, or at unreasonably low prices to drive out a competitor. This statute declared predatory pricing to be illegal.

Predatory Pricing Was Declared Illegal by The