Competition Policies (Grade 12 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What benefit do consumers gain from healthy market competition?
What benefit do consumers gain from healthy market competition?
Better prices, quality & more choices
What does competition allow businesses to do freely in markets?
What does competition allow businesses to do freely in markets?
Enter and leave without barriers
What is price-fixing?
What is price-fixing?
Competitors agree to charge same high prices
Which act promotes fair competition in South Africa?
Which act promotes fair competition in South Africa?
Competition Act 89 of 1998
What is the primary aim of the Competition Act?
What is the primary aim of the Competition Act?
Promote economic efficiency
What does SMME stand for?
What does SMME stand for?
Small, Medium & Micro Enterprises
What is the main role of the Competition Commission?
What is the main role of the Competition Commission?
Investigative body
What power does the Competition Tribunal have regarding mergers?
What power does the Competition Tribunal have regarding mergers?
Authorise or prohibit them
Where does the Competition Appeal Court sit in the hierarchy?
Where does the Competition Appeal Court sit in the hierarchy?
Top of competition law hierarchy
Which institution investigates first in the three-tier system?
Which institution investigates first in the three-tier system?
Competition Commission