A cartel occurs when two or more competitors make an anti- competitive contract,arrangement or understanding.Which of the following statements are true in relation to cartels?
A) The first cartel member to disclose cartel conduct and offer to give evidence against the other members will be given immunity from prosecution.
B) Cartel conduct is illegal if it has the purpose or effect of substantially lessening competition in a market.
C) Cartel conduct is illegal if it involves two or more competitors fixing prices,discounts and allowances etc.
D) All of the above.
E) A and B above only.
Correct Answer:
Verified
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