Which of the Following Is Correct with Regard to the Competition

question 54

Multiple Choice

Which of the following is correct with regard to the Competition Act?

• A) A company can cut prices in one region of Canada while selling at a higher price everywhere else even if this substantially lessens competition.
• B) Businesses are generally satisfied that the Competition Bureau moves fairly quickly in approving or denying merger plans.
• C) Pyramid selling is permitted as long as participant know they are involved in a pyramid selling scheme and they know they are not allowed to make windfall profits from the scheme.
• D) The mere existence of a conspiracy is assumed to be proof that competition has been reduced.
• E) All of these are correct.

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Definitions:

Equate

To consider one thing to be the same as or equivalent to another.

Critics

Individuals or groups who express judgments and opinions on works of art, policies, performances among others, often based on careful analysis and evaluation.

Utilitarian Theory

A normative ethical theory that suggests the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Public Policy

The principles and actions adopted or proposed by a government or organization to address public issues, concerns, or the welfare of the community.