
4.1.8.7 Competition Policy NOTES
Authored by James Hannaford
Social Studies
Professional Development
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary aim of UK competition policy?
To support monopolies
To restrict international trade
To increase government revenue
To promote competition and protect consumer interests
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which regulatory body fined Pfizer and Flynn Pharma in 2016?
The Competition and Markets Authority (CMA)
The Federal Trade Commission
OFWAT
The European Commission
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main concern in the CMA's investigation into Amazon's investment in Deliveroo?
Environmental impact
Employment law violations
Potential anti-competitive effects
Data privacy issues
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did the CMA block the merger between Sainsbury's and Asda?
Data security concerns
International trade restrictions
Lack of financial stability
Concerns about higher prices and reduced choice for consumers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of enforcement does the European Commission impose on Google?
Tax evasion penalties
Fines for abusing dominant position in markets
Awards for best business practices
Subsidies for market expansion
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does EU competition law regulate concerning state aid?
Promotion of state aid
Prevention of competition distortion by state aid
Support for unlimited state aid
Encouragement of state monopolies
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which sector-specific regulation is mentioned under EU competition policy?
Agriculture
Telecommunications
Fashion
Real estate
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