Competition Act: Abuse of Dominant Position
The question requires identifying the specific section of the Competition Act, 2002, that prohibits enterprises from abusing their dominant market position.
Section 4 of the Competition Act, 2002, explicitly states that 'No enterprise shall abuse its dominant position'. This section is central to preventing monopolistic or dominant firms from engaging in anti-competitive practices.
The other options, such as Section 9 (related to regulation of combinations), Section 8 (also related to combinations), and Section 6 (regulation of acquisitions), address different aspects of the Act and do not specifically prohibit the abuse of a dominant position.
Important Questions from Business Competition
Which of the following is a guideline to deal with colleagues?
The shut down refers to complete cessation or closing down of the business. It involves which of the following?
i) No buying or selling
ii) No manufacturing
iii) Shifting of business from one place to another place
iv) Assets to be sold or disposed off
v) Returning capital to owners
- In case of anti-competitive activities by a firm, the Competition Commission of India can impose a penalty which shall be not more than
- Arrange the following steps in the investigation process of combinations by the Competition Commission of India in the correct order.
A. Call for a report from the Director General
B. Invite any person, affected parties to file written objections
C. Direct the parties of combination to publish details of the combination
D. Call for additional information from the parties of the combination
E. Issue a notice for show-cause to the parties of the combination
Choose the correct answer from the option given below: - The remedies for the violation of Sections 3 and 4 of the Competition Act have been laid down under
