Cost and Revenue Flashcards
(3 cards)
1
Q
What is Collusion?
Prrovide the definition and an example.
A
When firms or individuals work together to influence a market or pricing for their advantage. An example of this includes price-fixing.
2
Q
What is the role of the Competition Commission?
3 mark question. 3 WWW.
A
To investigate, control, and evalutate restrictive business practices, abuse of dominant positions, and mergers to achieve equity and efficiency in the South African economy.
What? Who? Why?
3
Q
A
