State the conditions which are conducive to cartelization under the Competition Act, 2002.
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2019
State the conditions which are conducive to cartelization under the Competition Act, 2002.
Answer & Explanation:
Conditions that are conducive to cartelization under the Competition Act, 2002 are: high concentration - few competitors high entry and exit barriers homogeneity of the products (similar products) similar production costs excess capacity high dependence of the consumers on the product history of collusion.
Topics: Competition Act, 2002
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