Which of the following statements about the Competition Act is NOT true?
A)Price fixing is illegal under the Competition Act.
B)Resale price maintenance is legal under the Competition Act.
C)One of the things that the Competition Act deals with is vertical price fixing.
D)The Competition Act prohibits price discrimination

Question

Quizplus · Accepted Answer

Resale price maintenance is actually illegal under the Competition Act. This refers to when a supplier requires a retailer to sell their product at a certain price, thereby eliminating competition between retailers. The Act aims to promote competition and prevent anti-competitive practices.

Which of the Following Statements About the Competition Act Is