Nefarious Inc and Jaffar Together Control 90 Percent of the Market

question 13

Multiple Choice

Nefarious Inc and Jaffar together control 90 percent of the market for artificial hearts. Nefarious and Jaffar have committed an offence under the Competition Act if they

• A) agree to limit their production of artificial hearts for the purpose of driving up prices of their products.
• B) agree in advance on the bids each will submit for a contract to supply artificial hearts to a hospital.
• C) agree to limit their sales of artificial hearts for the purpose of driving up prices for their products.
• D) agree on the prices that they will charge their customers.
• E) all of the above.

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Definitions:

Negative Attitude

A pervasive pattern of thinking or feeling about people, situations, or oneself in a pessimistic or detrimental manner, often leading to adverse outcomes or behaviors.

Work/Life

The balance or integration of work and personal life, focusing on managing career and personal or family needs effectively.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Fight-Or-Flight Response

The body's automatic physiological reaction to a perceived threat, preparing an individual to either confront the situation or flee.