With Reference to the Competition Act, Which of the Following

question 13

Multiple Choice

With reference to the Competition Act, which of the following is most likely to lessen market competition "unduly"?

• A) imposing limits or quotas on production
• B) agreeing that each firm produce a different type of product
• C) sharing markets on a territorial bases
• D) practicing conscious parallelism
• E) conspiring to set prices

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Definitions:

Damage Award

A financial compensation granted by a court to indemnify losses or damages suffered by a plaintiff.

Drudgery

Tedious, hard, and repetitive work that is often seen as unenjoyable.

Competitive Factor Markets

Markets where factors of production (like labor, capital) are bought and sold, with many sellers and buyers leading to competitive prices.

Prices

The monetary value assigned to goods and services, determining how much consumers need to pay to obtain them.