What does the Robinson-Patman Act address?

The Robinson-Patman Act specifically addresses price discrimination, which occurs when a seller charges different prices to different buyers for the same product, thereby undermining competition. The Act was enacted to protect small businesses from unfair pricing practices by larger competitors, ensuring that they are not charged a higher price than what larger corporations are offered for the same goods.

By focusing on the issue of price discrimination, the Robinson-Patman Act aims to create a level playing field in the marketplace, preventing larger companies from using their market power to drive out competition through unfair pricing strategies. This is particularly relevant in the context of antitrust laws, which seek to promote competition and fair trade practices.

The other options, such as intellectual property rights, market monopolization, and consumer protection, while important aspects of legal regulations in business, are not the primary focus of the Robinson-Patman Act. Each of these areas has its own set of laws and regulations that address specific concerns, distinct from the price discrimination that the Robinson-Patman Act targets.