1937 Miller-Tydings Resale Price Maintenance Act
The 1937 Miller-Tydings Resale Price Maintenance Act was a United States federal law that allowed manufacturers to establish minimum resale prices for their products. This act was aimed at preventing price cutting by retailers and ensuring fair competition among sellers.
Under the Miller-Tydings Act, manufacturers could enter into agreements with retailers to set minimum prices for the resale of their products. These agreements were considered legal and enforceable under the law, and violators could be subject to penalties.
One of the key provisions of the Miller-Tydings Act was that it exempted resale price maintenance agreements from antitrust laws, as long as they were fair and not used to create a monopoly or restrain trade. This gave manufacturers more control over the pricing of their products and helped protect small retailers from unfair competition.
Overall, the 1937 Miller-Tydings Resale Price Maintenance Act was seen as a way to promote fair competition and protect the interests of both manufacturers and retailers in the marketplace.
- Benefits of the Act: Prevented price cutting, ensured fair competition, protected small retailers
- Provisions: Allowed manufacturers to set minimum resale prices, exempted agreements from antitrust laws
- Impact: Helped promote fair competition and protect the interests of manufacturers and retailers
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