What is the purpose of the Competition Act?
A) It assists foreign businesses that want to enter the Canadian marketplace.
B) It prevents businesses from earning excess profits; that is, more than the average for an industry.
C) It tries to balance the interests of businesses and consumers.
D) It focuses on the protection of Canada's natural resources.

Question

Quizplus · Accepted Answer

The Competition Act is designed to maintain fair competition in the marketplace by balancing the interests of businesses and consumers, ensuring that businesses operate in a manner that is fair and does not harm consumer interests or market competition.

What Is the Purpose of the Competition Act