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EncyclopediaRobinson-Patman ActRobinson-Patman Act, passed by the U.S. Congress in 1936 to supplement the Clayton Antitrust Act. The act, advanced by Congressman Wright Patman, forbade any person or firm engaged in interstate commerce to discriminate in price to different purchasers of the same commodity when the effect would be to lessen competition or to create a monopoly. Sometimes called the Anti-Chain-Store Act, this act was directed at protecting the independent retailer from chain-store competition, but it was also strongly supported by wholesalers eager to prevent large chain stores from buying directly from the manufacturers for lower prices. See studies by D. J. Baum (1964) and R. Posner (1986). The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved. More on Robinson-Patman Act from Infoplease:
- Joseph Taylor Robinson - Robinson, Joseph Taylor Robinson, Joseph Taylor, 1872–1937, U.S. legislator, b. Lonoke co., ...
- John William Wright PATMAN - PATMAN, John William Wright (1893—1976) PATMAN, John William Wright, (father of William Neff ...
- Sherman Antitrust Act - Sherman Antitrust Act Sherman Antitrust Act, 1890, first measure passed by the U.S. Congress to ...
- Federal Trade Commission: Enforcement - Enforcement The commission's law-enforcement activities have to do with the prevention of ...
- competition, in economics - competition competition, in economics, rivalry in supplying or acquiring an economic service or ...
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