Examlex
Which of the following statements is true?
Conspiracy
Agreement between firms to unduly lessen competition.
Competition Act
Legislation aimed at preventing anti-competitive practices in the marketplace, protecting consumers, and promoting fair and efficient competition.
Fixed Price
A pricing strategy where the price of a product or service is agreed upon and does not change, regardless of market fluctuations.
Competition Tribunal
A specialized tribunal dealing with matters related to competition law, including mergers, monopolistic practices, and other issues that may affect fair competition.
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