‘A firm having market power substantial enough to act independent of the competitive forces that…
A dominant position is a position of market strength that permits an enterprise to operate independently of competitive forces in the relevant market. This is part of the…
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‘A firm having market power substantial enough to act independent of the competitive forces that prevail in the relevant market.’
What does this statement refer to ?
Answer and explanation
Correct answer B
A dominant position is a position of market strength that permits an enterprise to operate independently of competitive forces in the relevant market. This is part of the definition in the Explanation to section 4 of the Competition Act, 2002.
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MH SET Law
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CUET PG Law (LL.M.)
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