The European Union can impose fines of up to _____percent of the guilty firm;s worldwide total revenue.
A)25
B)5
C)10
D)100

Question

Quizplus · Accepted Answer

According to Article 23 of the EU competition law, the European Union can impose fines of up to 10% of the guilty firm's worldwide total revenue. This is aimed to ensure that the fines are significant enough to deter companies from engaging in anti-competitive behavior while also taking into account the size and financial capability of the firm. Therefore, option C is the correct answer.

The European Union Can Impose Fines of Up to _____Percent