Question 1

Which of the following types of prohibited conduct can NOT be authorised by the ACCC?

Accepted Answer

A) Mergers. 
B) Boycotts. 
C) Exclusive dealings. 
D) Monopolisation. 
A) Mergers. 
B) Boycotts. 
C) Exclusive dealings. 
D) Monopolisation. D

Question 2

ACME,Inc.has engaged in the practice of exclusive dealing,if it supplies building materials on the condition that its customers will not re-supply them to a third party.

Accepted Answer

A) True 
 B)False  True

Question 3

The act of increasing the price of petrol during a natural disaster emergency is prohibited because it amounts to predatory pricing.

Accepted Answer

A) True 
 B)False  True

Question 4

It is legal for a supplier to suggest a selling price of its goods to a retailer.

Accepted Answer

A) True 
 B)False

Question 5

If a supplier refuses to supply services to a second party because the second party will not agree that they have to buy goods from a third party,the supplier has engaged in:

Accepted Answer

A) resale price maintenance. 
B) third-line forcing. 
C) a primary boycott. 
D) price signalling. 
A) resale price maintenance. 
B) third-line forcing. 
C) a primary boycott. 
D) price signalling.

Question 6

Corporations that have become merged in contravention of the Act can be separated by forcing the disposal of shares.

Accepted Answer

A) True 
 B)False

Question 7

Only the Australian Competition Tribunal can make authorisations.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following statements accurately describes the function of the Australian Competition Tribunal?

Accepted Answer

A) Hearing appeals from decisions to grant or revoke authorisations. 
B) Administering and enforcing the Competition and Consumer Act 2010 (Cth). 
C) Educating the public and the business community by providing consumer guidance. 
D) Authorising otherwise prohibited restrictive trade practices. 
A) Hearing appeals from decisions to grant or revoke authorisations. 
B) Administering and enforcing the Competition and Consumer Act 2010 (Cth). 
C) Educating the public and the business community by providing consumer guidance. 
D) Authorising otherwise prohibited restrictive trade practices.

Question 9

A voluntary industry code regulates the conduct of parties who have agreed to sign up to them.

Accepted Answer

A) True 
 B)False

Question 10

Describe how the concepts of market and competition are linked and important in respect to trade in Australia.

Accepted Answer

The term 'market' is defined in s 4E of

Question 11

The Competition and Consumer Act 2010 (Cth)applies to all businesses in Australia as a result of which of the following agreements?

Accepted Answer

A) The Agreement to Implement the National Competition Policy and Related Reforms. 
B) The Conduct Code Agreement. 
C) The Competition Principles Agreement. 
D) All of the above. 
A) The Agreement to Implement the National Competition Policy and Related Reforms. 
B) The Conduct Code Agreement. 
C) The Competition Principles Agreement. 
D) All of the above.

Question 12

A secondary boycott results when parties A and B make a concerted effort to pressure third party C not engage in business dealings with party D.

Accepted Answer

A) True 
 B)False

Question 13

When a bank insists that a borrower should insure the mortgaged property with an insurance company in which the bank has a substantial interest:

Accepted Answer

A) The bank is engaged in 'third line forcing' in breach of s 47(6)of the Competition and Consumer Act 2010 (Cth). 
B) The bank is engaged in a 'secondary boycott' in breach of s 45D of the Competition and Consumer Act 2010 (Cth). 
C) The bank has entered into an 'exclusionary agreement' in breach of s 45 of the Competition and Consumer Act 2010 (Cth). 
D) All of the above. 
A) The bank is engaged in 'third line forcing' in breach of s 47(6)of the Competition and Consumer Act 2010 (Cth). 
B) The bank is engaged in a 'secondary boycott' in breach of s 45D of the Competition and Consumer Act 2010 (Cth). 
C) The bank has entered into an 'exclusionary agreement' in breach of s 45 of the Competition and Consumer Act 2010 (Cth). 
D) All of the above.

Question 14

Which of the following is an example of a prohibited merger in breach of s 50 of the Competition and Consumer Act 2010 (Cth)?

Accepted Answer

A) The sole manufacturer of a product refuses to sell it other than at an excessively high price. 
B) A corporation acquires the assets of its only competitor in a market. 
C) A corporation requires purchasers of its products not to acquire goods from or supply goods to a competitor. 
D) Two corporations agree to refuse to acquire the goods of a third corporation. 
A) The sole manufacturer of a product refuses to sell it other than at an excessively high price. 
B) A corporation acquires the assets of its only competitor in a market. 
C) A corporation requires purchasers of its products not to acquire goods from or supply goods to a competitor. 
D) Two corporations agree to refuse to acquire the goods of a third corporation.

Question 15

Which of the following is NOT one of the functions of the Australian Competition and Consumer Commission?

Accepted Answer

A) Hearing appeals from decisions to grant or revoke authorisations. 
B) Educating the public and the business community by providing consumer guidance. 
C) Administering and enforcing the Competition and Consumer Act 2010 (Cth). 
D) Authorising otherwise prohibited restrictive trade practices. 
A) Hearing appeals from decisions to grant or revoke authorisations. 
B) Educating the public and the business community by providing consumer guidance. 
C) Administering and enforcing the Competition and Consumer Act 2010 (Cth). 
D) Authorising otherwise prohibited restrictive trade practices.

Question 16

Only corporations can be liable for breaches of the Competition and Consumer Act 2010 (Cth).

Accepted Answer

A) True 
 B)False

Question 17

Employers frequently use secondary boycott provisions as a way to resolve industrial conflicts.

Accepted Answer

A) True 
 B)False

Question 18

How can the restrictive trade practices provisions of the Competition and Consumer Act 2010 (Cth)be reconciled with the liberal notion of a free market?

Accepted Answer

The restrictive trade practices provisio

Question 19

Which of the following does NOT constitute resale price maintenance by a supplier?

Accepted Answer

A) Jones Ltd refuses to supply goods to Smith's Supermarket unless they agree not to sell below a specified price. 
B) Jones Ltd induces Smith's Supermarkets not to sell goods supplied by them below the price specified by their distributors. 
C) Jones Ltd supplies goods to Smith's Supermarkets with a request that they do not sell below a recommended price. 
D) Jones Ltd and Smith's Supermarkets reach an agreement that goods supplied by Jones Ltd will not be sold below a price nominated by them. 
A) Jones Ltd refuses to supply goods to Smith's Supermarket unless they agree not to sell below a specified price. 
B) Jones Ltd induces Smith's Supermarkets not to sell goods supplied by them below the price specified by their distributors. 
C) Jones Ltd supplies goods to Smith's Supermarkets with a request that they do not sell below a recommended price. 
D) Jones Ltd and Smith's Supermarkets reach an agreement that goods supplied by Jones Ltd will not be sold below a price nominated by them.

Question 20

Explain one of the main functions of the ACCC.

Accepted Answer

One of the functions of the ACCC is to p

Exam 29: Competition Law

Which of the following types of prohibited conduct can NOT be authorised by the ACCC?

ACME,Inc.has engaged in the practice of exclusive dealing,if it supplies building materials on the condition that its customers will not re-supply them to a third party.

The act of increasing the price of petrol during a natural disaster emergency is prohibited because it amounts to predatory pricing.

It is legal for a supplier to suggest a selling price of its goods to a retailer.

If a supplier refuses to supply services to a second party because the second party will not agree that they have to buy goods from a third party,the supplier has engaged in:

Corporations that have become merged in contravention of the Act can be separated by forcing the disposal of shares.

Only the Australian Competition Tribunal can make authorisations.

Which of the following statements accurately describes the function of the Australian Competition Tribunal?

A voluntary industry code regulates the conduct of parties who have agreed to sign up to them.

Describe how the concepts of market and competition are linked and important in respect to trade in Australia.

The Competition and Consumer Act 2010 (Cth)applies to all businesses in Australia as a result of which of the following agreements?

A secondary boycott results when parties A and B make a concerted effort to pressure third party C not engage in business dealings with party D.

When a bank insists that a borrower should insure the mortgaged property with an insurance company in which the bank has a substantial interest:

Which of the following is an example of a prohibited merger in breach of s 50 of the Competition and Consumer Act 2010 (Cth)?

Which of the following is NOT one of the functions of the Australian Competition and Consumer Commission?

Only corporations can be liable for breaches of the Competition and Consumer Act 2010 (Cth).

Employers frequently use secondary boycott provisions as a way to resolve industrial conflicts.

How can the restrictive trade practices provisions of the Competition and Consumer Act 2010 (Cth)be reconciled with the liberal notion of a free market?

Which of the following does NOT constitute resale price maintenance by a supplier?

Explain one of the main functions of the ACCC.

Legal Foundations

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How Law Is Made: Precedentstatute Law

Civil Liability: the Law of Torts and Negligence

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Introduction to Contracts

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Statutory Consumer Guarantees and the Australian Consumer Law

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Introduction to Companies and Incorporated Associations

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