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16 Questions

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Collusion and Cartels in Business

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Questions and Answers

What is an example of collusion in the given text?

Deliveroo, Thuisbezorgd.nl and Uber Eats raising their fees

Truck producers colluding on truck pricing (correct)

MAN receiving immunity for revealing the existence of a cartel

Intel requiring PC manufacturers to buy Intel chips over chips by its main rival

What was the outcome of MAN's cooperation with the investigation of the cartel?

Receiving full immunity and avoiding a fine (correct)

Imposing a record fine of €3 billion

Benefiting from reductions of fines

Being fined around €1.2 billion

What did Intel do to abuse its dominance according to the text?

Concluded exclusivity agreements and offered loyalty-inducing rebates to manufacturers (correct)

Raised fees by 10% for its services

Received full immunity for revealing the abuse of dominance

Colluded with PC manufacturers to fix prices of Intel chips

What is a form of market failure mentioned in the text?

Market power Signup and view all the answers

Which action led to the Commission imposing a record fine of €3 billion?

Truck producers colluding on truck pricing Signup and view all the answers

What did Volvo/Renault, Daimler, and Iveco benefit from in relation to the investigation?

Reductions of their fines for cooperation with the investigation Signup and view all the answers

Which school of thought advocates for the Structure-Conduct-Performance paradigm?

Harvard School Signup and view all the answers

What is the goal of competition law according to the Ordoliberalism school of thought?

Protection of the competitive process Signup and view all the answers

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 Signup and view all the answers

What is a disadvantage of monopolies mentioned in the text?

Slower technical innovation Signup and view all the answers

Which school of thought views consumer welfare approach as inadequate to promote real competition?

New Brandeis School Signup and view all the answers

What is a common criticism addressed by Post-Chicago scholars?

Insufficient consideration of political and social values Signup and view all the answers

Which market structure does the Harvard School believe leads to poor economic performance?

High concentration and high barriers to entry Signup and view all the answers

Which is a goal of competition law related to non-economic factors?

Economic freedom, plurality, and democracy Signup and view all the answers

Which era is associated with the Theory of Harm and the development of various schools of thought in competition law?

1970s & ‘80s Signup and view all the answers

What is a potential consequence of Type II error in enforcement according to the text?

Harm to competition leading to consumer welfare loss Signup and view all the answers