As per the provisions of the Competition Act, 2002, which of the following is not essential ingredient…
Resale price maintenance is not an essential ingredient of a cartel. Section 2(c) of the Competition Act, 2002 describes coordinated control of production, distribution,…
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As per the provisions of the Competition Act, 2002, which of the following is not essential ingredient of a cartel ?
Answer and explanation
Correct answer D
Resale price maintenance is not an essential ingredient of a cartel. Section 2(c) of the Competition Act, 2002 describes coordinated control of production, distribution, sale, prices or services by an association, while resale price maintenance is separately addressed by section 3(4).
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