MERCANTILE CHAPTER 5

A visually engaging illustration of a courtroom setting with legal books, a gavel, and a symbolic representation of competition law (e.g., balance scales), showcasing the theme of mercantile competition and legal practices.

Mastering Mercantile Competition Law

Test your knowledge with our engaging quiz on Mercantile Competition Law! Whether you're a student, teacher, or simply interested in this field, this quiz will provide valuable insights into the competition act and related concepts.

Challenge yourself with questions covering:

Types of substantial acts in competition law
Forbidden agreements and their implications
Abuse of dominant market position
Unfair competition practices

10 Questions2 MinutesCreated by AnalyzingEagle257

The competition act of the fight against practices restrictive of competition and the control of economic concentration, points out the following types of substantial acts for its policy

The system is applicable to conduct restrictive of competition, or forbidden practices

Principles of concentration control or merger control

The system for monitoring and proposal in matters of public aid, or state aid

All of the above

The “forbidden agreements” laid down in competition law allude:

Only to formal agreements that produce the effect of prevention, restriction or distortion of competition in all or part of the national market

Only to collective agreements that produce the effect of prevention, restriction, or distortion of competition in all or part of the national market

Only in special concerted or consciously parallel practices that produce the effect of prevention, restriction, or distortion of competition in all or part of the national market

To agreements, collective decisions, or recommendations, or concerted or consciously parallel practices that produce the effect of prevention, restriction, or distortion of competition in all or part of the national market

Forbidden agreements that are not sanctionable are only:

Believed to have favorable effects for the consumer and produce improvements in terms of production, distribution, or marketing or promoting technological progress

Seen as having no positive effects to counteract the harmful effects produced from the perspective of competition

Testing the prohibition though a self-evaluation system

None of the above

Other

Please Specify:

The law prohibits “abuse of a dominant position” and the competition authority shall assess whether the undertaking concerned is dominant or not defining the relevant market:

Defining the relevant market means determining the scope of the competition rules in respect of restrictive practices and abuses of a dominant position, which are capable of constraining the behavior of the firms in question, and assessing the degree of real competition on the determinate market

Assessing the relevant product market composed of all products/services which the consumer considers to be a substitute for each other due to their characteristics, their prices and their intend use

Assessing the relevant geographic market related to an area in which the conditions of competition for a given product are homogenous

All of the above

Examples of behavior that may amount to an abuse of dominant position include:

Requiring that buyers purchase all units of a particular product only from the dominant company (exclusive product)

Setting prices at a loss-making level (predation)

Refusing to supply input indispensable for competition in an ancillary market or changing excessive prices

All of the above

When is an unfair practice deemed to arise?

Unfair competition law describes a general principle of conduct objectively contrary to good faith that is deemed to be unfair

Unfair competition law enumerates a list of several conducts that, in particular, exemplify acts that are deemed unfair commercial practices, and those aimed at companies and professionals will be analyses under standards that differ from those intended for consumers

Regarding the relationship between entrepreneur and professionals to the consumer, any action must be declared as unfair practice if it meets two conditions: it has to be contrary to “professional diligence”, and acts are capable of distorting the economic behavior of the consumer

All of the above

Acts of competitive disloyalty are:

Acts of unfair competition prohibed by competition law, as they affect the public interest through the distortion of free competition by unfair acts

Conduct objectively contrary to good faith

The consumers decision to select an offer, sign a contract for or retain a product or service pay a price or exercise his contractual rights

Practice which could significantly distort the economic behavior of the average consumer

Which action that can be brought to forestall the practice that may be taken against acts of unfair competition before it occurs

Cessation of injunction

Action to rectify misleading, incorrect, or false information

Action to compensate damages

Action against unjust enrichment

Industry of conduct:

If broken, could be considered as “unfair competition”

If broken, have no consequences in terms of “unfair competition”

Impose subscription by business

Are mandatory due to the rules that help enhance consumer and user protection

MERCANTILE CHAPTER 5

Mastering Mercantile Competition Law

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