CHAPTER 18

Question 1

Geographic Market

Answer 1

Area in which undertakings are
involved in supply of goods or services and in which
conditions of competition are similar

Question 2

Product Market

Answer 2

It means all those products and/or
services which are regarded as interchangeable or
substitutable by consumer.

Question 3

Abuse of dominant position

Answer 3

Following practices are not allowed:
1. Limiting quantity of production or sale.
2. Unreasonable increase in prices.
3. Price discrimination.
4. Predatory pricing.
5. Boycotting other undertaking.
6. Refusing to deal.
7. Tie-ins.
8. Applying dissimilar conditions to similar
transactions.
9. Making contract dependent on
supplementary unrelated obligations.

Question 4

Prohibited Agreements

Answer 4

Following agreements are not allowed:
1. Dividing markets.
2. Fixing quantity of production or sale.
3. Collusive tendering.
4. Fixing the purchase or sale price.
5. Limiting technical development or investment.
6. Applying dissimilar conditions to similar
transactions.
7. Making contract dependent on supplementary
unrelated obligations.

Question 5

No Deceptive Marketing Practices

Answer 5

Deceptive marketing practices include:
1. False or misleading information harming other undertakings.
2. False or misleading information regarding own good/service.
3. False or misleading comparison of goods in advertisement.
4. Fraudulent use of another’s firm name, trademark, labelling
or packaging.