Which regulation was passed to eliminate monopolies and guarantee competition? multiple choice the wheeler-lea amendment (1938) the robinson-patman act (1936) the fair packaging and labeling act (1966) the telephone consumer protection act (1991) ?

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Leonardo Copeland

19 November, 15:54

Which regulation was passed to eliminate monopolies and guarantee competition? multiple choice the wheeler-lea amendment (1938) the robinson-patman act (1936) the fair packaging and labeling act (1966) the telephone consumer protection act (1991) ?

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Tara Lynch · Answer 1

The Robinson - Patman Act (1936) was created to prohibit anti-competitive practices. The idea was to prevent unfair practices like monopolies and more specifically price discrimination. Price discrimination is the practice of charging customers different rates and getting teach to pay the highest amount possible. This was an amendment to the more famous Clayton Anti-Trust Act (1914).