Asked by Hannah Charlton on Jun 22, 2024
Verified
Under the Competition Act, restrictive trade practices are prohibited in dealings between a firm and its competitors, as well as in dealings between a firm and its customers.
Restrictive Trade Practices
Business activities that limit or control competition in the market, often scrutinized under anti-trust laws.
Competition Act
Legislation aimed at preventing anti-competitive practices in the marketplace, ensuring fair competition among businesses.
- Gain insight into the definitions of deceptive marketing, trade restraint, and regulated trade practices under the framework of the Competition Act.
Verified Answer
ZS
Zeinab SamhatJun 24, 2024
Final Answer :
True
Explanation :
The Competition Act aims to prevent anti-competitive practices in the marketplace, including restrictive trade practices both among competitors (to ensure fair competition) and in the dealings between a firm and its customers (to protect consumer interests).
Learning Objectives
- Gain insight into the definitions of deceptive marketing, trade restraint, and regulated trade practices under the framework of the Competition Act.
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