The Consumer and Competition Act, 2010 Prohibits a Number of Pricing

question 96

Multiple Choice

The Consumer and Competition Act, 2010 prohibits a number of pricing strategies and tactics. Which of the following is NOT one of these prohibitions?

• A) predatory pricing
• B) price fixing
• C) resale price maintenance
• D) prestige pricing
• E) some forms of price discrimination

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Definitions:

Rule

A prescribed guideline for conduct or action established by an authority, which governs behavior within specific contexts.

Morality

Norms that identify the difference between laudable and blameworthy habits.

Summun Bonum

A Latin term meaning the highest or supreme good, often used in ethical, philosophical, and metaphysical contexts to denote the ultimate importance or aim.

Moral Action

An act undertaken based on one’s understanding of right and wrong, intending to achieve a morally good outcome.