Which of the Following Is Most Likely to Be an Agreement

question 4

Multiple Choice

Which of the following is most likely to be an agreement that lessens competition in breach of CCA Part IV?

• A)The only two pencil manufacturers in Australia agree to help each other maintain their respective shares of the pencil market.
• B)The only two eraser manufacturers in Australia agree to cooperate to conduct research into new eraser technology.
• C)The only two pen manufacturers in Australia agree to jointly set up a factory in China.
• D)The only two ruler manufacturers in Australia agree to manufacture plastic rulers instead of wooden rulers.

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Definitions:

United Nations

An international organization founded in 1945 dedicated to maintaining international peace and security, developing friendly relations among nations, and promoting social progress.

Letter of Credit

A financial document issued by a bank guaranteeing the payment of a buyer's obligations to a seller within a specific time frame and under certain conditions.

Buyer's Bank

Buyer's bank refers to the financial institution that represents the purchaser in a transaction, often involved in issuing or confirming payment instruments like letters of credit.

Seller

An individual or entity that offers goods or services in exchange for payment or other compensation.