The Competition and Consumer Act 2010 (Cth) Contains Two Tests

question 41

Multiple Choice

The Competition and Consumer Act 2010 (Cth) contains two tests that must be satisfied if the ACCC is to authorise anticompetitive conduct.In the case of authorisation of exclusive dealing (other than third line forcing) or anti-competitive conduct the test that must be satisfied is:

• A)the conduct is likely to result in a public benefit that outweighs the public detriment.
• B)the conduct will result in a public benefit that is substantial when considered against the likely detriment.
• C)the conduct will improve economic efficiency.
• D)the conduct will substantially increase the wellbeing of members of the community.

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Definitions:

Pure Substances

Materials that are made of only one type of atom or molecule.

Impure Mixtures

Combinations of two or more substances that are not chemically bonded together and can be separated by physical means.

Compute

To carry out mathematical or logical operations on data in order to obtain a result, often associated with the use of computers or calculators for complex calculations.

Kinetic Energy

Kinetic energy is the energy that an object possesses due to its motion, calculated as one-half the mass of the object times the velocity squared.