According to Kurtz/lecture, all of the following are true of pricing, trade law, and price regulations EXCEPT:
a) Unfair-trade laws are state laws that require sellers to maintain minimum prices for comparable merchandise
b) The 1936 Robinson-Patman Act that prohibited selling at an unreasonably low price to eliminate competition
c) The 1975 Consumer Goods Pricing Act that allowed discount stores to incorporate price competition more aggressively into their marketing strategies
d) Fair-trade laws that promoted fairness by preventing manufacturers from setting a minimum price for their product(s)
Answer: D