Final answer:
The Robinson-Patman Act prohibits price discrimination against wholesalers, retailers, and producers, aiming to prevent anti-competitive practices and maintain fairness in commerce by enforcing a level playing field for all purchasers.
Step-by-step explanation:
The Robinson-Patman Act specifically prohibits: c. price discrimination in sales to wholesalers, retailers, and other producers. This act is a part of the U.S. antitrust laws, which include various measures to prevent anti-competitive practices such as cartels, bid rigging, and market division.
Antitrust laws, while allowing for a monopoly that results from innovation or superior products, have stipulations against restrictive practices that may reduce competition. The Robinson-Patman Act focuses on preventing businesses from unfairly treating different purchasers by charging different prices for the same product with the intent to harm competition. The purpose is to create a level playing field by ensuring that large buyers do not receive preferential treatment over small purchasers, which could squeeze smaller competitors out of the market.
The Robinson-Patman Act specifically prohibits price discrimination in sales to wholesalers, retailers, and other producers. This means that a seller is not allowed to charge different prices to different buyers for the same product. The Act aims to promote fair competition and prevent larger companies from gaining an unfair advantage over smaller ones.