The Competition Act makes some questionable market practices illegal and thus discourages some managers from becoming involved in such practices.

Question

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The Competition Act contains provisions that prohibit anti-competitive agreements, abuse of dominant position, and mergers that may substantially lessen competition in the market. The Act aims to promote and maintain fair competition in the market and protect consumers from abusive market practices. By making such practices illegal, the Act discourages managers from engaging in them.

The Competition Act Makes Some Questionable Market Practices Illegal and Thus