Question
A dominant steel manufacturer imposed a requirement on
its distributors to maintain minimum markup percentages and not stock competitors' products. Distributors who violated were threatened with supply suspension. Under Section 4, which statements are correct? Statement 1: Imposing markup requirements on distributors is abuse of dominance. Statement 2: The exclusive stocking requirement is justified for brand protection. Statement 3: Threatening supply suspension for non-compliance with anticompetitive conditions is abuse. Statement 4: The manufacturer must prove legitimate business reasons for these requirements. Which statements are correct?Solution
Imposition of anticompetitive conditions is abuseāStatement 1 is correct. Exclusive stocking requires legitimate justificationāStatement 2 is incorrect. Threatening enforcement of anticompetitive conditions is abuseāStatement 3 is correct. Dominant firms bear burden of justifying conductāStatement 4 is correct. Statements 1, 3, and 4 are correct.
Which country's port is India looking to operate and build a new terminal in, in an effort to counterbalance China's influence in the region?
What is the Theme for ā1st Ā All India Annual State Minister Conference on Waterā?
What is the purpose of the Automated Permanent Academic Account Registry (APAAR) introduced by the central government for school children?
- At which global event was the āCA in Public Serviceā Award presented to DK Kedia?
Who were re-elected as the President and Secretary of the Swimming Federation of India (SFI)?
Which Indian city was recently included in the WHO Global Network of Age-friendly Cities?
Recently Shivamogga Subbanna passed away. She was a ____?
How many manuscripts has the National Mission for Manuscripts (NMM) digitized since its launch in 2003?
What do you call the amount of monetary or other returns, either earned or unearned, accruing over a period of time?
What is the temperature range of the Sunās chromosphere as studied by SNIFS?
Relevant for Exams:
