3 Questions
What was the purpose of the erstwhile Monopolies and Restrictive Trade Practices Act in India?
To prevent concentration of economic power
What is the potential consequence of a firm attaining a monopoly or dominant position?
Imposing higher prices on consumers
Which regulatory body replaced the Monopolies and Restrictive Trade Practices Act in India?
Competition Commission of India
Test your knowledge of restrictive trade practices and their impact on business growth with this quiz. Explore the implications of monopolies, dominant positions, and economic power on consumer welfare and market competition. Gain insights into the regulatory framework and policies aimed at curbing anti-competitive behavior in India and beyond.
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