Which law is specifically aimed at prohibiting price discrimination?

The Robinson-Patman Act is specifically designed to prohibit price discrimination in the context of the sale of goods. This legislation aims to create a level playing field among competitors by making it illegal for sellers to charge different prices for the same product to different buyers if such conduct harms competition.

The law focuses on ensuring that suppliers cannot favor one buyer over another by providing discounts or favorable terms that would distort competition in the marketplace. It is particularly concerned with preventing larger companies from using their purchasing power to obtain cheaper prices, thereby harming smaller competitors who cannot secure the same terms.

Understanding the significance of the Robinson-Patman Act allows businesses and individuals to navigate pricing strategies while staying compliant with competition laws, thereby fostering fair competition and preventing anti-competitive practices.