16 Questions
What is an example of collusion in the given text?
Truck producers colluding on truck pricing
What was the outcome of MAN's cooperation with the investigation of the cartel?
Receiving full immunity and avoiding a fine
What did Intel do to abuse its dominance according to the text?
Concluded exclusivity agreements and offered loyalty-inducing rebates to manufacturers
What is a form of market failure mentioned in the text?
Market power
Which action led to the Commission imposing a record fine of €3 billion?
Truck producers colluding on truck pricing
What did Volvo/Renault, Daimler, and Iveco benefit from in relation to the investigation?
Reductions of their fines for cooperation with the investigation
Which school of thought advocates for the Structure-Conduct-Performance paradigm?
Harvard School
What is the goal of competition law according to the Ordoliberalism school of thought?
Protection of the competitive process
Which theory of harm emphasizes the consideration of political and social values such as fairness, protection of smaller businesses, and public interest?
New Brandeis School
What is a disadvantage of monopolies mentioned in the text?
Slower technical innovation
Which school of thought views consumer welfare approach as inadequate to promote real competition?
New Brandeis School
What is a common criticism addressed by Post-Chicago scholars?
Insufficient consideration of political and social values
Which market structure does the Harvard School believe leads to poor economic performance?
High concentration and high barriers to entry
Which is a goal of competition law related to non-economic factors?
Economic freedom, plurality, and democracy
Which era is associated with the Theory of Harm and the development of various schools of thought in competition law?
1970s & ‘80s
What is a potential consequence of Type II error in enforcement according to the text?
Harm to competition leading to consumer welfare loss
This quiz discusses the concept of collusion and cartels in business, using real-life examples such as the Truck Cartel case involving truck producers. It explores how companies can collude to raise fees, manipulate prices, and avoid legal consequences.
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