Restrictive Trade Practices Subject to the Competition Act

question 2

Multiple Choice

Restrictive trade practices subject to the Competition Act

• A)relate to dealings between a firm and its competitors.
• B)may apply to services as well as goods.
• C)may include both private and public takeovers.
• D)are reviewable by the Competition Tribunal on a non-criminal basis.
• E)All of these.

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Definitions:

Chicago School

An economic viewpoint emphasizing free-market principles and the reduction of government involvement in the economy, especially noted for its influence in antitrust law.

Antitrust Enforcement

The regulation and enforcement of laws to promote competition and prevent monopolies and other practices that restrain trade.

Economic Efficiency

A situation where resources are allocated in such a way that maximizes the production of goods and services, minimizing waste and inefficiency in an economy.

Sherman Act

A landmark federal statute in the U.S. that prohibits monopolistic practices and promotes competition among businesses.