What Was the Ground for the Action Against Sears Canada

question 15

Multiple Choice

What was the ground for the action against Sears Canada and its advertisements that stated "Save 45%. Our lowest price of the year on Touring '2000' tires"?

• A) Bid-rigging.
• B) Exclusive dealing.
• C) Misleading or false advertising.
• D) Abuse of dominant position.
• E) Specialization agreements.

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Definitions:

Demand

How much of a good or service that individuals are eager and financially able to buy at differing prices throughout an established period.

Equilibrium Price

The market price at which the supply of an item equals the quantity demanded, leading to economic stability for that item.

Equilibrium Quantity

The quantity of goods or services supplied is exactly equal to the quantity demanded at the market equilibrium price.

Supply Shifts

Changes in the availability of a product or service in the market, influenced by factors like production costs and technological advancements.