Discussion
'Cartel' as defined under the Section. 2(C) of the Competition Act may take place between :
Answer: D
A cartel may take place between service providers among themselves.
Section 2(c) of the Competition Act, 2002 defines a cartel as an association of producers, sellers, distributors, traders or service providers who, by agreement among themselves, limit, control or attempt to control the production, distribution, sale or price of, or trade in, goods or provision of services.
A cartel is a horizontal arrangement among competitors on the supply side. Producers with consumers is a vertical relationship, consumers do not form cartels under the Act, and workers combining are a matter for labour law.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development