📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Under competition law, a company or enterprise is said

    to hold a "dominant position" in a market if it exhibits which of the following characteristics?
    A Highest revenues in the industry Correct Answer Incorrect Answer
    B Lowest operating costs among competitors Correct Answer Incorrect Answer
    C Significant control over market pricing and conditions Correct Answer Incorrect Answer
    D Largest number of product variants Correct Answer Incorrect Answer
    E Highest employee strength Correct Answer Incorrect Answer

    Solution

    A dominant position implies the ability to act independently of market forces and influence pricing or supply. It doesn’t depend on size or variety but on market power.

    Practice Next

    Relevant for Exams:

    ask-question