1937 Miller-Tydings Resale Price Maintenance Act
The 1937 Miller-Tydings Resale Price Maintenance Act was a United States federal statute that allowed manufacturers to stipulate the minimum resale prices of their products. This act was aimed at preventing price-cutting by retailers and ensuring fair competition among businesses.
Under the Miller-Tydings Act, manufacturers could enter into agreements with retailers to set minimum resale prices for their products. Violations of these agreements could result in legal action, including fines and penalties.
While the Miller-Tydings Act was initially intended to promote fair competition, it was eventually repealed in 1975 due to concerns about its potential negative impact on consumer welfare.
Despite its repeal, the Miller-Tydings Act remains an important part of U.S. antitrust history and continues to be studied by legal scholars and economists.
Key points of the 1937 Miller-Tydings Resale Price Maintenance Act:
- Allowed manufacturers to set minimum resale prices for their products.
- Intended to prevent price-cutting by retailers and promote fair competition.
- Repealed in 1975 due to concerns about its impact on consumer welfare.
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