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The Competition Commission of India (CCI) has suspended functions relating to the filing of new matters and ongoing matters due to the pandemic caused by the novel coronavirus. The CCI has not come up with any guidelines on the application of Competition laws during this period. This suspension by the CCI nowhere means that a complaint cannot be filed later for the price surging and collusion against the sellers of these daily essentials.As quoted by the Economic Times, “As Covid-19 patients continue to rise in India, some retailers and mask manufacturers are cashing in on the virus terror by jacking up prices by 2 to 3 times. Most e-commerce platforms have not had stocks of frontline sanitizer brands at several locations. Chemist shops in several cities in India said they are not getting any fresh supplies of sanitizer.” After such news started coming from PAN India, the government came into action and added hand sanitizers and masks in the Essential Commodities Act, 1955 on 13th of March 2020. Still, there was no decrease in prices of these products. Since one cannot surely say that the companies are indulging in pro-competitive activity, therefore on 20th March 2020 the government fixed the prices of both the products.The companies, traders, sellers (players) in the market, at any level, cannot be said to be out of the scope of competition authorities, even though coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges. The government and the authority shall also strictly intervene as to how these businesses are behaving in times of the crisis so that the respective companies are aware of their rights and obligations.Companies providing essentials at the time of crisis should not indulge in anti-competitive activities of price surge, stocking among other things, morally and they should also be vigilant of different competition law risks. Since the Competition law of India is relevantly new than few of the other established jurisdictions therefore the companies, businesses have less knowledge about the competition law implications in the market. Therefore, if an advisory from the side of the commission is published, it might help curb such situations at the times of crisis even in the future and shall also give powers to the commission for taking action against the offenders. All the big jurisdictions have published guidelines to inform the respective players in the market, so that the respective companies are well aware of the laws in terms of being relaxed and also to what extent. In the times of crisis, the companies do go for profit maximization which ultimately may cause harm to the consumers and the market.Q. Which factors in the paragraph are considered to be anti-competitive as per the author under The Competition Act?a)Price surgeb)Stocking up Commoditiesc)Intention of profit maximization by hiking up pricesd)All the above.Correct answer is option 'D'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about The Competition Commission of India (CCI) has suspended functions relating to the filing of new matters and ongoing matters due to the pandemic caused by the novel coronavirus. The CCI has not come up with any guidelines on the application of Competition laws during this period. This suspension by the CCI nowhere means that a complaint cannot be filed later for the price surging and collusion against the sellers of these daily essentials.As quoted by the Economic Times, “As Covid-19 patients continue to rise in India, some retailers and mask manufacturers are cashing in on the virus terror by jacking up prices by 2 to 3 times. Most e-commerce platforms have not had stocks of frontline sanitizer brands at several locations. Chemist shops in several cities in India said they are not getting any fresh supplies of sanitizer.” After such news started coming from PAN India, the government came into action and added hand sanitizers and masks in the Essential Commodities Act, 1955 on 13th of March 2020. Still, there was no decrease in prices of these products. Since one cannot surely say that the companies are indulging in pro-competitive activity, therefore on 20th March 2020 the government fixed the prices of both the products.The companies, traders, sellers (players) in the market, at any level, cannot be said to be out of the scope of competition authorities, even though coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges. The government and the authority shall also strictly intervene as to how these businesses are behaving in times of the crisis so that the respective companies are aware of their rights and obligations.Companies providing essentials at the time of crisis should not indulge in anti-competitive activities of price surge, stocking among other things, morally and they should also be vigilant of different competition law risks. Since the Competition law of India is relevantly new than few of the other established jurisdictions therefore the companies, businesses have less knowledge about the competition law implications in the market. Therefore, if an advisory from the side of the commission is published, it might help curb such situations at the times of crisis even in the future and shall also give powers to the commission for taking action against the offenders. All the big jurisdictions have published guidelines to inform the respective players in the market, so that the respective companies are well aware of the laws in terms of being relaxed and also to what extent. In the times of crisis, the companies do go for profit maximization which ultimately may cause harm to the consumers and the market.Q. Which factors in the paragraph are considered to be anti-competitive as per the author under The Competition Act?a)Price surgeb)Stocking up Commoditiesc)Intention of profit maximization by hiking up pricesd)All the above.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Competition Commission of India (CCI) has suspended functions relating to the filing of new matters and ongoing matters due to the pandemic caused by the novel coronavirus. The CCI has not come up with any guidelines on the application of Competition laws during this period. This suspension by the CCI nowhere means that a complaint cannot be filed later for the price surging and collusion against the sellers of these daily essentials.As quoted by the Economic Times, “As Covid-19 patients continue to rise in India, some retailers and mask manufacturers are cashing in on the virus terror by jacking up prices by 2 to 3 times. Most e-commerce platforms have not had stocks of frontline sanitizer brands at several locations. Chemist shops in several cities in India said they are not getting any fresh supplies of sanitizer.” After such news started coming from PAN India, the government came into action and added hand sanitizers and masks in the Essential Commodities Act, 1955 on 13th of March 2020. Still, there was no decrease in prices of these products. Since one cannot surely say that the companies are indulging in pro-competitive activity, therefore on 20th March 2020 the government fixed the prices of both the products.The companies, traders, sellers (players) in the market, at any level, cannot be said to be out of the scope of competition authorities, even though coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges. The government and the authority shall also strictly intervene as to how these businesses are behaving in times of the crisis so that the respective companies are aware of their rights and obligations.Companies providing essentials at the time of crisis should not indulge in anti-competitive activities of price surge, stocking among other things, morally and they should also be vigilant of different competition law risks. Since the Competition law of India is relevantly new than few of the other established jurisdictions therefore the companies, businesses have less knowledge about the competition law implications in the market. Therefore, if an advisory from the side of the commission is published, it might help curb such situations at the times of crisis even in the future and shall also give powers to the commission for taking action against the offenders. All the big jurisdictions have published guidelines to inform the respective players in the market, so that the respective companies are well aware of the laws in terms of being relaxed and also to what extent. In the times of crisis, the companies do go for profit maximization which ultimately may cause harm to the consumers and the market.Q. Which factors in the paragraph are considered to be anti-competitive as per the author under The Competition Act?a)Price surgeb)Stocking up Commoditiesc)Intention of profit maximization by hiking up pricesd)All the above.Correct answer is option 'D'. Can you explain this answer?.

Solutions for The Competition Commission of India (CCI) has suspended functions relating to the filing of new matters and ongoing matters due to the pandemic caused by the novel coronavirus. The CCI has not come up with any guidelines on the application of Competition laws during this period. This suspension by the CCI nowhere means that a complaint cannot be filed later for the price surging and collusion against the sellers of these daily essentials.As quoted by the Economic Times, “As Covid-19 patients continue to rise in India, some retailers and mask manufacturers are cashing in on the virus terror by jacking up prices by 2 to 3 times. Most e-commerce platforms have not had stocks of frontline sanitizer brands at several locations. Chemist shops in several cities in India said they are not getting any fresh supplies of sanitizer.” After such news started coming from PAN India, the government came into action and added hand sanitizers and masks in the Essential Commodities Act, 1955 on 13th of March 2020. Still, there was no decrease in prices of these products. Since one cannot surely say that the companies are indulging in pro-competitive activity, therefore on 20th March 2020 the government fixed the prices of both the products.The companies, traders, sellers (players) in the market, at any level, cannot be said to be out of the scope of competition authorities, even though coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges. The government and the authority shall also strictly intervene as to how these businesses are behaving in times of the crisis so that the respective companies are aware of their rights and obligations.Companies providing essentials at the time of crisis should not indulge in anti-competitive activities of price surge, stocking among other things, morally and they should also be vigilant of different competition law risks. Since the Competition law of India is relevantly new than few of the other established jurisdictions therefore the companies, businesses have less knowledge about the competition law implications in the market. Therefore, if an advisory from the side of the commission is published, it might help curb such situations at the times of crisis even in the future and shall also give powers to the commission for taking action against the offenders. All the big jurisdictions have published guidelines to inform the respective players in the market, so that the respective companies are well aware of the laws in terms of being relaxed and also to what extent. In the times of crisis, the companies do go for profit maximization which ultimately may cause harm to the consumers and the market.Q. Which factors in the paragraph are considered to be anti-competitive as per the author under The Competition Act?a)Price surgeb)Stocking up Commoditiesc)Intention of profit maximization by hiking up pricesd)All the above.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of The Competition Commission of India (CCI) has suspended functions relating to the filing of new matters and ongoing matters due to the pandemic caused by the novel coronavirus. The CCI has not come up with any guidelines on the application of Competition laws during this period. This suspension by the CCI nowhere means that a complaint cannot be filed later for the price surging and collusion against the sellers of these daily essentials.As quoted by the Economic Times, “As Covid-19 patients continue to rise in India, some retailers and mask manufacturers are cashing in on the virus terror by jacking up prices by 2 to 3 times. Most e-commerce platforms have not had stocks of frontline sanitizer brands at several locations. Chemist shops in several cities in India said they are not getting any fresh supplies of sanitizer.” After such news started coming from PAN India, the government came into action and added hand sanitizers and masks in the Essential Commodities Act, 1955 on 13th of March 2020. Still, there was no decrease in prices of these products. Since one cannot surely say that the companies are indulging in pro-competitive activity, therefore on 20th March 2020 the government fixed the prices of both the products.The companies, traders, sellers (players) in the market, at any level, cannot be said to be out of the scope of competition authorities, even though coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges. The government and the authority shall also strictly intervene as to how these businesses are behaving in times of the crisis so that the respective companies are aware of their rights and obligations.Companies providing essentials at the time of crisis should not indulge in anti-competitive activities of price surge, stocking among other things, morally and they should also be vigilant of different competition law risks. Since the Competition law of India is relevantly new than few of the other established jurisdictions therefore the companies, businesses have less knowledge about the competition law implications in the market. Therefore, if an advisory from the side of the commission is published, it might help curb such situations at the times of crisis even in the future and shall also give powers to the commission for taking action against the offenders. All the big jurisdictions have published guidelines to inform the respective players in the market, so that the respective companies are well aware of the laws in terms of being relaxed and also to what extent. In the times of crisis, the companies do go for profit maximization which ultimately may cause harm to the consumers and the market.Q. Which factors in the paragraph are considered to be anti-competitive as per the author under The Competition Act?a)Price surgeb)Stocking up Commoditiesc)Intention of profit maximization by hiking up pricesd)All the above.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The Competition Commission of India (CCI) has suspended functions relating to the filing of new matters and ongoing matters due to the pandemic caused by the novel coronavirus. The CCI has not come up with any guidelines on the application of Competition laws during this period. This suspension by the CCI nowhere means that a complaint cannot be filed later for the price surging and collusion against the sellers of these daily essentials.As quoted by the Economic Times, “As Covid-19 patients continue to rise in India, some retailers and mask manufacturers are cashing in on the virus terror by jacking up prices by 2 to 3 times. Most e-commerce platforms have not had stocks of frontline sanitizer brands at several locations. Chemist shops in several cities in India said they are not getting any fresh supplies of sanitizer.” After such news started coming from PAN India, the government came into action and added hand sanitizers and masks in the Essential Commodities Act, 1955 on 13th of March 2020. Still, there was no decrease in prices of these products. Since one cannot surely say that the companies are indulging in pro-competitive activity, therefore on 20th March 2020 the government fixed the prices of both the products.The companies, traders, sellers (players) in the market, at any level, cannot be said to be out of the scope of competition authorities, even though coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges. The government and the authority shall also strictly intervene as to how these businesses are behaving in times of the crisis so that the respective companies are aware of their rights and obligations.Companies providing essentials at the time of crisis should not indulge in anti-competitive activities of price surge, stocking among other things, morally and they should also be vigilant of different competition law risks. Since the Competition law of India is relevantly new than few of the other established jurisdictions therefore the companies, businesses have less knowledge about the competition law implications in the market. Therefore, if an advisory from the side of the commission is published, it might help curb such situations at the times of crisis even in the future and shall also give powers to the commission for taking action against the offenders. All the big jurisdictions have published guidelines to inform the respective players in the market, so that the respective companies are well aware of the laws in terms of being relaxed and also to what extent. In the times of crisis, the companies do go for profit maximization which ultimately may cause harm to the consumers and the market.Q. Which factors in the paragraph are considered to be anti-competitive as per the author under The Competition Act?a)Price surgeb)Stocking up Commoditiesc)Intention of profit maximization by hiking up pricesd)All the above.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for The Competition Commission of India (CCI) has suspended functions relating to the filing of new matters and ongoing matters due to the pandemic caused by the novel coronavirus. The CCI has not come up with any guidelines on the application of Competition laws during this period. This suspension by the CCI nowhere means that a complaint cannot be filed later for the price surging and collusion against the sellers of these daily essentials.As quoted by the Economic Times, “As Covid-19 patients continue to rise in India, some retailers and mask manufacturers are cashing in on the virus terror by jacking up prices by 2 to 3 times. Most e-commerce platforms have not had stocks of frontline sanitizer brands at several locations. Chemist shops in several cities in India said they are not getting any fresh supplies of sanitizer.” After such news started coming from PAN India, the government came into action and added hand sanitizers and masks in the Essential Commodities Act, 1955 on 13th of March 2020. Still, there was no decrease in prices of these products. Since one cannot surely say that the companies are indulging in pro-competitive activity, therefore on 20th March 2020 the government fixed the prices of both the products.The companies, traders, sellers (players) in the market, at any level, cannot be said to be out of the scope of competition authorities, even though coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges. The government and the authority shall also strictly intervene as to how these businesses are behaving in times of the crisis so that the respective companies are aware of their rights and obligations.Companies providing essentials at the time of crisis should not indulge in anti-competitive activities of price surge, stocking among other things, morally and they should also be vigilant of different competition law risks. Since the Competition law of India is relevantly new than few of the other established jurisdictions therefore the companies, businesses have less knowledge about the competition law implications in the market. Therefore, if an advisory from the side of the commission is published, it might help curb such situations at the times of crisis even in the future and shall also give powers to the commission for taking action against the offenders. All the big jurisdictions have published guidelines to inform the respective players in the market, so that the respective companies are well aware of the laws in terms of being relaxed and also to what extent. In the times of crisis, the companies do go for profit maximization which ultimately may cause harm to the consumers and the market.Q. Which factors in the paragraph are considered to be anti-competitive as per the author under The Competition Act?a)Price surgeb)Stocking up Commoditiesc)Intention of profit maximization by hiking up pricesd)All the above.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of The Competition Commission of India (CCI) has suspended functions relating to the filing of new matters and ongoing matters due to the pandemic caused by the novel coronavirus. The CCI has not come up with any guidelines on the application of Competition laws during this period. This suspension by the CCI nowhere means that a complaint cannot be filed later for the price surging and collusion against the sellers of these daily essentials.As quoted by the Economic Times, “As Covid-19 patients continue to rise in India, some retailers and mask manufacturers are cashing in on the virus terror by jacking up prices by 2 to 3 times. Most e-commerce platforms have not had stocks of frontline sanitizer brands at several locations. Chemist shops in several cities in India said they are not getting any fresh supplies of sanitizer.” After such news started coming from PAN India, the government came into action and added hand sanitizers and masks in the Essential Commodities Act, 1955 on 13th of March 2020. Still, there was no decrease in prices of these products. Since one cannot surely say that the companies are indulging in pro-competitive activity, therefore on 20th March 2020 the government fixed the prices of both the products.The companies, traders, sellers (players) in the market, at any level, cannot be said to be out of the scope of competition authorities, even though coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges. The government and the authority shall also strictly intervene as to how these businesses are behaving in times of the crisis so that the respective companies are aware of their rights and obligations.Companies providing essentials at the time of crisis should not indulge in anti-competitive activities of price surge, stocking among other things, morally and they should also be vigilant of different competition law risks. Since the Competition law of India is relevantly new than few of the other established jurisdictions therefore the companies, businesses have less knowledge about the competition law implications in the market. Therefore, if an advisory from the side of the commission is published, it might help curb such situations at the times of crisis even in the future and shall also give powers to the commission for taking action against the offenders. All the big jurisdictions have published guidelines to inform the respective players in the market, so that the respective companies are well aware of the laws in terms of being relaxed and also to what extent. In the times of crisis, the companies do go for profit maximization which ultimately may cause harm to the consumers and the market.Q. Which factors in the paragraph are considered to be anti-competitive as per the author under The Competition Act?a)Price surgeb)Stocking up Commoditiesc)Intention of profit maximization by hiking up pricesd)All the above.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The Competition Commission of India (CCI) has suspended functions relating to the filing of new matters and ongoing matters due to the pandemic caused by the novel coronavirus. The CCI has not come up with any guidelines on the application of Competition laws during this period. This suspension by the CCI nowhere means that a complaint cannot be filed later for the price surging and collusion against the sellers of these daily essentials.As quoted by the Economic Times, “As Covid-19 patients continue to rise in India, some retailers and mask manufacturers are cashing in on the virus terror by jacking up prices by 2 to 3 times. Most e-commerce platforms have not had stocks of frontline sanitizer brands at several locations. Chemist shops in several cities in India said they are not getting any fresh supplies of sanitizer.” After such news started coming from PAN India, the government came into action and added hand sanitizers and masks in the Essential Commodities Act, 1955 on 13th of March 2020. Still, there was no decrease in prices of these products. Since one cannot surely say that the companies are indulging in pro-competitive activity, therefore on 20th March 2020 the government fixed the prices of both the products.The companies, traders, sellers (players) in the market, at any level, cannot be said to be out of the scope of competition authorities, even though coordinating with competitors may be, or may appear to be, an efficient way to respond to some of those challenges. The government and the authority shall also strictly intervene as to how these businesses are behaving in times of the crisis so that the respective companies are aware of their rights and obligations.Companies providing essentials at the time of crisis should not indulge in anti-competitive activities of price surge, stocking among other things, morally and they should also be vigilant of different competition law risks. Since the Competition law of India is relevantly new than few of the other established jurisdictions therefore the companies, businesses have less knowledge about the competition law implications in the market. Therefore, if an advisory from the side of the commission is published, it might help curb such situations at the times of crisis even in the future and shall also give powers to the commission for taking action against the offenders. All the big jurisdictions have published guidelines to inform the respective players in the market, so that the respective companies are well aware of the laws in terms of being relaxed and also to what extent. In the times of crisis, the companies do go for profit maximization which ultimately may cause harm to the consumers and the market.Q. Which factors in the paragraph are considered to be anti-competitive as per the author under The Competition Act?a)Price surgeb)Stocking up Commoditiesc)Intention of profit maximization by hiking up pricesd)All the above.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CLAT tests.