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1- Going forward, how am I going to figure out the notion of how does price allocate goods and services? 2- How can I explain

1- Going forward, how am I going to figure out the notion of how does price allocate goods and services?

2- How can I explain the role of supply and demand in determining price?

3- My firm has based its pricing strictly on cost in the past. My newly hired marketing manager believes that I should change the business policy in this regard, so what kind of reasoning explainations should I expect from him to validate his arguing point on the matter in a memo?

4- What are the three basic defenses that a seller can use if accused under the Robinson-Patman Act?

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