Question:

The following is not true about the Cement Cartelization Case in India:

Updated On: Dec 14, 2024

The Competition Commission of India imposed a penalty of 0.5 times of the net profits of certain cement-producing companies for the year 2009-10 and 2010-2011
Companies were engaging in unfair and not restrictive trade practices by controlling the price of cement by artificially curtailing their output capacity
The market was oligopolistic in nature, with the possibility of collusion between companies
None of the above

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The Correct Option is B

Solution and Explanation

In the Cement Cartelization case, the Competition Commission of India found that cement companies were involved in anti-competitive practices, including price-fixing and curtailing production to inflate prices. This was deemed a violation of the Competition Act, and penalties were imposed. All the statements in the options are correct, so "None of the above" is the right answer.

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The following is not true about the Cement Cartelization Case in India:

The Correct Option is B

Solution and Explanation

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