The European Union uses an exemption system in its competition law. This means that:
A) certain industries are exempted from antitrust law because of their technology.
B) an agreement can be entered into if the prospective parties can obtain a "negative clearance" from the European Commission.
C) certain countries are exempt from the competition law until they reach further economic development.
D) none of the above.

Question

Quizplus · Accepted Answer

The exemption system in the EU's competition law allows for an agreement to be entered into if the prospective parties can obtain a "negative clearance" from the European Commission. Certain industries may also be exempted from antitrust law, but this is not due to their technology. Additionally, certain countries are not exempt from competition law based on their economic development.

The European Union Uses an Exemption System in Its Competition