The Competition Act is a statute that
A) affects certain kinds of contracts and that, in part, is criminal law.
B) renders illegal any contract or agreement between business firms that represent a constraint of competition.
C) covers a number of business practices that are contrary to the public interest.
D) attempts to provide a balance between freedom of trade and the protection of the consumer.
E) All of these statements are true.

Question

Quizplus · Accepted Answer

The Competition Act is designed to prevent anti-competitive practices in the marketplace. It affects certain kinds of contracts, includes provisions that are considered criminal law, renders illegal any agreements that constrain competition, covers business practices contrary to public interest, and seeks to balance trade freedom with consumer protection.

The Competition Act Is a Statute That