Governments of countries formulate a number of legislations to regulate business practices and ensure that fair trade takes place (Nagle et al., 2011). The important forms of legislation affecting pricing are the Sherman Act, the Clayton Act, and the Robinson-Patman Act (Nagle et al., 2011). These regulations were adopted to restrict the formation of monopolies and also to regulate business practices that might unfairly restrain trade. However, the regulations can only be applied to interstate commerce. To curb unethical business practices, some states adopt similar provisions which regulate companies that operate locally (Marn, Roegner, & Zawada, 2004). The major public policy issues in pricing include potentially damaging pricing practices within a given level of the channel (price-fixing and predatory pricing) and across levels of the channel (retail price maintenance, deceptive pricing, and discriminatory pricing) (Nagle et al., 2011).