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Definition

The Robinson-Patman Act of 1936 is an amendment to the Clayton Act that prohibits price discrimination when the effect "may be substantially to lessen competition or create a monopoly"; prohibits payments of broker's commission when an independent broker is not employed; forbids sellers to provide allowances or services to buyers unless these are available to all buyers on "equally proportional terms"; and prohibits a buyer from inducing or receiving a prohibited discrimination in price.[1]

References

  1. ^ American Marketing Association. AMA Dictionary.

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