Which of the Following Is an Example of a Prohibited

question 14

Multiple Choice

Which of the following is an example of a prohibited merger in breach of s 50 of the Competition and Consumer Act 2010 (Cth) ?

• A)The sole manufacturer of a product refuses to sell it other than at an excessively high price.
• B)A corporation acquires the assets of its only competitor in a market.
• C)A corporation requires purchasers of its products not to acquire goods from or supply goods to a competitor.
• D)Two corporations agree to refuse to acquire the goods of a third corporation.

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Definitions:

Nondiscriminating

Policies or practices that do not selectively favor or prejudice any particular group or individual.

Imperfectly Competitive

Describes markets that do not meet the strict criteria of perfect competition, often characterized by having a small number of firms that have control over prices.

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded by consumers, typically downward-sloping, indicating an inverse relationship.