29 Questions
What conduct is prohibited by entities with a dominant position?
Imposing barriers to entry for competitors
Which agreements may not be considered a violation of the law?
Agreements that improve production or distribution
In what situation are entities not considered competitors according to the text?
When they have common economic interests
What is the purpose of entities selling goods or services below cost?
To drive competition out of the market
Which action would not be considered an abuse of dominant position according to the text?
Developing a superior product
What is one reason an entity may impose barriers to entry without violating the law?
Developing a superior product or process
What is the scope of the Philippine Competition Law as stated in R.A. No. 10667?
Enforceable against any person or entity engaged in trade, industry, and commerce in the Philippines
Which of the following is NOT covered by the Philippine Competition Law?
Combination activities of workers for collective bargaining purposes
What type of agreements between competitors are per se prohibited under the Philippine Competition Law?
Agreements restricting competition on price or terms of trade
Which of the following is an example of an anticompetitive practice under the Philippine Competition Law?
Covert bidding practices
What does R.A. No. 10667 prohibit between or among competitors under the Philippine Competition Law?
Bid manipulation practices like bid suppression and rotation
Which activities are exempted from the application of the Philippine Competition Law?
Combinations or activities of workers solely for facilitating collective bargaining
What action is prohibited for agreements exceeding one billion pesos until notification to the Philippine Competition Commission is provided?
Consummating the agreement
What is the consequence of an agreement being consummated without notifying the Philippine Competition Commission?
Void agreement status
Which of the following is NOT a possible action by the Philippine Competition Commission upon determining a prohibited agreement?
Enforce litigation
For what reason would acquiring stock or share capital solely for investment purposes not be prohibited?
To influence competition
What is the range of administrative fine that parties may face for consummating an agreement without notifying the Philippine Competition Commission?
1% to 5% of transaction value
If an agreement does not qualify for exemption, what action can the Philippine Competition Commission take?
Prohibit the agreement implementation entirely
What is it called when a supplier makes the supply of certain goods or services dependent on the purchase of other goods or services that are not directly related?
Bundling
Which practice involves imposing unfairly low purchase prices on marginalized agricultural producers and small businesses?
Predatory pricing
What is prohibited in the context of mergers and acquisitions if it significantly hinders competition in the relevant market?
Prohibited agreements
Which scenario might exempt a merger or acquisition agreement from prohibition according to the text?
Causing financial failure
What does it mean when an entity limits production, market, or technical development to the detriment of consumers?
Anticompetitive behavior
In the context of competition, what is the term for imposing unfair prices on competitors, customers, suppliers, or consumers?
Price gouging
What does a relevant product market consist of?
Goods and services regarded as interchangeable or substitutable by consumers
How is the relevant geographic market defined?
By the area in which entities are involved in supply and demand of goods and services
Why are goods and services in a relevant product market considered substitutable?
Due to varying characteristics, prices, and intended use
How can neighboring areas be distinguished in terms of relevant geographic markets?
Due to differences in competition conditions
What differentiates a relevant market from a relevant product market?
Includes both relevant geographic market and relevant product market
Test your knowledge of the Philippine Competition Law under Republic Act No. 10667, which applies to individuals and entities engaged in trade, industry, and commerce within the Philippines. Explore the scope, application, and implications of this law.
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