Routledge Dictionary of Economics, Second Edition
Robinson-Patman Act 1936 (L4)
US federal statute outlawing particular forms of PRICE DISCRIMINATION which were in favour of large purchasers. A discount to a larger buyer has to be either based on differences in cost or justified as a price to meet the low price of a competitor.
See also: antitrust
This is the complete article, containing 49 words
(approx. 1 page at 300 words per page).
