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

    Question

    Consider the following statements regarding Information

    agreements under the Competition Act: Statement 1: Sharing of information between competitors about production volumes is automatically prohibited. Statement 2: Real-time sharing of customer price information between competitors can constitute cartel conduct. Statement 3: Information sharing through trade associations is always permissible. Statement 4: Historical information sharing has lower competitive risk than real-time sharing. Which statements are correct?
    A Statements 1 and 3 only Correct Answer Incorrect Answer
    B Statements 2, 3, and 4 only Correct Answer Incorrect Answer
    C Statements 2 and 4 only Correct Answer Incorrect Answer
    D Statements 1, 2, and 4 only Correct Answer Incorrect Answer
    E All statements are correct Correct Answer Incorrect Answer

    Solution

    Information exchange depends on context—Statement 1 is incorrect. Real-time pricing information can facilitate cartels—Statement 2 is correct. Trade association information sharing is not automatic exemption—Statement 3 is incorrect. Historical data has less competitive effect—Statement 4 is correct. Statements 2 and 4 are correct.

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question