Technological Progress Increases the Efficiency of Mass Producing HDTV-Capable Television

question 244

Multiple Choice

Technological progress increases the efficiency of mass producing HDTV-capable television sets.At the same time, more cable and television networks begin broadcasting in HDTV format, increasing the appeal of HDTV-capable television sets.On the basis of this information, what can be said about conditions in the HDTV market?

• A)The equilibrium quantity and price of HDTV-capable sets will increase.
• B)The equilibrium quantity of HDTV-capable sets will increase and price will decrease.
• C)The equilibrium quantity of HDTV-capable sets will increase and what happens to price is indeterminate.
• D)The equilibrium quantity of HDTV-capable sets will decrease and price will increase.
• E)The equilibrium quantity and price of HDTV-capable sets will decrease.

Understand the basic principles and key provisions of the Competition Act.

Differentiate between various types of restrictive trade practices and their implications.

Recognize the legal consequences of misleading or false advertising under the Competition Act.

Identify and comprehend the role and actions of the Competition Tribunal.