Summary

Portrait of Stanley Forman Reed Stanley Forman Reed,  Standard Oil Company v. Federal Trade Commission…

“ Does meeting in good faith a competitor's price constitute a complete defense under the proviso to § 2 (b) ? Or does the fact of good faith reduction in price to a purchaser to meet a competitor's price merely rebut the prima facie establishment of discrimination, arising under the statute from proof of forbidden differences in price, [15] so as to require under § 2 (a) affirmative finding by the Commission that there may be injury to competition? ”
Source: Wikisource

Portrait of Stanley Forman Reed Stanley Forman Reed,  Standard Oil Company v. Federal Trade Commission…

“ Because of experience under the Clayton Act, Congress refused to continue its competitive price proviso. Yet adoption of petitioner's position would permit a seller of nationally distributed goods to discriminate in favor of large chain retailers, for the seller could give to the large retailer a price lower than that charged to small retailers, and could then completely justify its discrimination by showing that the large retailer had first obtained the same low price from a local low-cost producer of competitive goods. ”
Source: Wikisource

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