Competition Law and Cartel Quiz
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Questions and Answers

What is the maximum fine a business could be fined for breaching competition law?

  • 10% of its annual turnover (correct)
  • 20% of its annual turnover
  • 5% of its annual turnover
  • 15% of its annual turnover

    • What could be the consequence of forming a cartel?

  • Criminal prosecution (correct)
  • Fines up to 10% of its annual turnover
  • Imprisonment for up to 5 years
  • Disqualification from being a director of a company

    • What is the safest way to avoid conversations on pricing, strategy & customers with a rival firm?

  • Negotiate a new contract
  • Have a chat about prices
  • Avoid talking business with rivals (correct)
  • Form a cartel

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