Section 3 of CA, 2002 : Section 3: Anti-Competitive Agreements
CA, 2002
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Explanation using Example
Imagine a scenario where two major smartphone manufacturers, PhoneA and PhoneB, decide to secretly agree on fixing the prices of their latest smartphone models to avoid competing with each other. They set a minimum price, ensuring that both can enjoy high profit margins without the risk of a price war.
This agreement directly determines the sale prices, which is prohibited under Section 3(1) of The Competition Act, 2002. Conseque...
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