While the Competition and Consumer Act 2010 (Cth) Does Not

question 23

Multiple Choice

While the Competition and Consumer Act 2010 (Cth) does not comprehensively define a 'market', the Courts usually accept the wide definition of a market as:

• A)The area of close competition or field of rivalry between businesses.
• B)A public gathering held for buying and selling merchandise.
• C)The group of consumers or organisations that are interested in product.
• D)The business of buying or selling a specific commodity.

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Definitions:

State Court of Appeals

Intermediate appellate courts in the United States that review decisions of trial courts and agencies, ensuring that the law was applied correctly.

Trial De Novo

A new trial in a court, typically after the decision of a lower court has been challenged, where the case is heard as if no previous trial occurred.

Judicial Districts

Geographic areas established for the administration of justice, each having its own set of courts and judges.

Federal System

A system of government where power is divided between a central governing authority and various constituent units, such as states or provinces.