The following is not true about the Cement Cartelization Case in India:
The cement cartel finding concerned coordinated pricing and restrictions on production and supply. Such conduct restricts competition, so describing it as involving no…
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The following is not true about the Cement Cartelization Case in India:
Answer and explanation
Correct answer B
The cement cartel finding concerned coordinated pricing and restrictions on production and supply. Such conduct restricts competition, so describing it as involving no restrictive practices is incorrect. The CCI identified the industry's oligopolistic structure and imposed penalties calculated at half the relevant net profits for 2009-10 and 2010-11.
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