In the Context of the Competition and Consumer Act 2010

question 37

Multiple Choice

In the context of the Competition and Consumer Act 2010 (Cth) ,which of the following statements has NOT been said about the term 'competition'?

• A)Competition is a process rather than a situation.
• B)Competition is a mechanism for discovery of market information.
• C)Competition is a mechanism for discovery of the most successful businesses.
• D)Competition includes competition from imported goods.

---

Definitions:

Consistency

The quality of always acting or performing in a similar manner over time.

Consensus

A general agreement among the members of a group or community, often achieved through open discussion and negotiation.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is associated with an unconditioned stimulus.

Conditioned Stimulus

A stimulus that was neutral at first but becomes associated with an involuntary response through conditioning.