Competition law quiz

Competition laws typically contain provisions prohibiting abuse of market power by dominant firms or attempts of not yet dominant firms to monopolise markets.

The majority involve competition between two or more persons (sometimes using horses or cars).
For example, in a game of basketball, two teams compete against one another to determine who can score the most points.
When there is no set reward for the winning team, many players gain a sense of pride.

The competition law was drafted and presented to the government in November, 2000. 42 The Expert Group was constituted as an off-shoot of the first WTO Ministerial Conference held at Singapore in December 1996 for the implementation of WTO agreement.
It submit- ted its Report in January, 1999.