| 单词 | resale price maintenance |
| 释义 | resale price maintenance = (RPM) The fixing by manufacturers of minimum prices at which their products may be resold by distributors. While RPM does not necessarily imply a price-fixing cartel of producers, it does make such a cartel easier to organize. RPM was stopped in the UK by the Retail Prices Act (1964) and the Restrictive Practices Act (1966), with some exceptions, including the Net Book Agreement, until it collapsed in 1995. Manufacturers can still set a ‘recommended’ retail price, but cannot legally enforce this. |
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