Article 102 of the Treaty on the Functioning of the European

question 49

Multiple Choice

Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits a dominant firm from doing all of the following except which one?

• A)charging an unfair price
• B)limiting or controlling production in markets through market division
• C)placing trading partners at a competitive disadvantage by practicing price discrimination
• D)buying at a price that is unfairly low

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Definitions:

Consignee

The person or company that receives goods for sale, storage, or shipment on behalf of another, holding goods without taking ownership.

FOB Destination

A shipping term where the seller is responsible for the delivery of goods to a specific destination, absorbing all costs and risks until the goods are received by the buyer.

Perpetual Inventory System

A method of inventory management where updates to inventory records are made continuously as transactions occur.

Net Price Method

An accounting method where discounts are not recorded in the accounting records; instead, purchases are recorded at the net purchase price.