Restrictive Trade Practices Subject to the Competition Act

question 37

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 the responses are correct.

---

Definitions:

Marginal Expenditure

Additional cost of buying one more unit of a good.

Factor of Production

Resource inputs used in the production of goods and services, typically categorized into land, labor, capital, and sometimes entrepreneurship.

Marginal Revenue Product

The additional revenue generated from using an additional unit of a resource or input.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, holding all other inputs constant.