Competition Law

Match the word with the definition:

body of law that reguates business activities and markets, especially agreements and practices that limit competition.

• Antitrust law

• Competition law

• All of the above

• None of the above

Match the word with the defininition:

A market situation in which a small number of firms compete with each other.

• Merger

• Cartel

• Oligopoly

• Monopoly

Match the word with the defininition:

The joining together of two or more companies.

• Merger

• Monopoly

• Oligopoly

• Cartel

Match the word with the defininition:

An organisation or group that has complete control of an area of business so that others have no share.

• Merger

• Monopoly

• Oligopoly

• Cartel

Match the word with the defininition:

A group of similar independent companies who agree to join together to control prices and limit competition.

• Merger

• Cartel

• Oligopoly

• Monopoly

Match the word with the defininition:

restrictive government licensing practices and complet bureaucratic procedures which inapproprietly favour domestic suppliers before it can offer its services.

• Barriers to entry

• Price fixing

• Predatory pricing

• Tie-in arrangement

Match the word with the defininition:

when a company requires that consumers purchase other equipment made by the firm in order to keep the warranty valid.

• Barriers to entry

• Price fixing

• Predatory pricing

• Tie-in arrangement

Match the word with the defininition:

when corporations in a country agree on the pricing of products.

• Barriers to entry

• Price fixing

• Predotry pricing

• Tie-in arrangement

Match the word with the defininition:

pricing a product so low -for example, below its production cost- as to eliminate competition

• Barriers to entry

• Price fixing

• Predatory pricing

• Tie-in arrangement