πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    What does the term "dominant position" refer to in the

    context of an enterprise operating in the relevant market in India under section 4?
    A A position that allows an enterprise to operate independently of competitive forces or influence competitors, consumers, or the market in its favor Correct Answer Incorrect Answer
    B A situation where an enterprise has the lowest market share among competitors Correct Answer Incorrect Answer
    C A temporary advantage gained through promotional offers or discounts Correct Answer Incorrect Answer
    D A market condition where competition is completely absent Correct Answer Incorrect Answer
    E A legal requirement for all enterprises operating in India Correct Answer Incorrect Answer

    Solution

    Section 4 Abuse of dominant position: Explanation.--For the purposes of this section, the expression-- (a) "dominant position" means a position of strength, enjoyed by an enterprise, in the relevant market, in India, which enables it to-- (i) operate independently of competitive forces prevailing in the relevant market; or (ii) affect its competitors or consumers or the relevant market in its favour.

    Practice Next

    Relevant for Exams:

    ask-question