There Are Several Types of Offences Under the Competition Act

question 8

Multiple Choice

There are several types of offences under the Competition Act.Which of the following statements is TRUE?

• A)Every type of offence can lead to an award of damages.
• B)It sometimes is possible to appeal a decision of the Competition Tribunal to the Federal Court.
• C)A reviewable matter is a type of offence that can only trigger an investigation by the Competition Bureau,and cannot result in any relief.
• D)Dual matters involve the commission of more than one offence by a single offender.
• E)The Competition Act does not allow for private actions.

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Definitions:

Excess Demand

Occurs when the quantity demanded of a product significantly exceeds its quantity supplied, often leading to a shortage.

Equilibrium Price

The price at which the quantity of a good or service supplied matches the quantity demanded, resulting in market stability.

Output

The total amount of goods or services produced by a business, industry, or economy.

Economic Efficiency

A situation where resources are utilized in the most optimal manner, producing the desired output with minimum waste or expense.