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Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt 'winners' to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.
Which of the subsequent practices is not considered to be an example of anti-competitive market behaviour?
Which of the subsequent practices is not considered to be an example of anti-competitive market behaviour?
- a)Self preferencing
- b)Killer acquisitions
- c)price competition
- d)deep discounting
Correct answer is option 'C'. Can you explain this answer?
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Recently, World Bank postulated that Digital markets work differently ...
Price competition Self preferencing, Deep discounting and Killer acquisitions are all examples of anti-competitive market practices.
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Recently, World Bank postulated that Digital markets work differently ...
Price Competition
Price competition is not considered an example of anti-competitive market behavior. In fact, price competition is a normal and healthy aspect of a competitive market. It allows consumers to benefit from lower prices as companies strive to attract customers by offering better deals. Price competition often leads to innovation, efficiency, and increased choices for consumers.
However, the issue arises when companies engage in anti-competitive practices that go beyond normal price competition. Some of these practices include self-preferencing, killer acquisitions, and deep discounting.
Self Preferencing
Self-preferencing occurs when a platform or marketplace gives preferential treatment to its own products or services over those of its competitors. This can create an unfair advantage for the platform's own offerings, making it difficult for competitors to compete on a level playing field. This practice can harm competition and limit consumer choice.
Killer Acquisitions
Killer acquisitions refer to the strategy of acquiring potential competitors in order to eliminate future competition. This can stifle innovation and prevent new entrants from challenging dominant players in the market. By acquiring promising startups or innovative companies, larger firms can maintain their market power and prevent competition from emerging.
Deep Discounting
Deep discounting is a pricing strategy where companies offer products or services at significantly lower prices than their competitors. While this can benefit consumers in the short term, it can also be used as a tactic to drive competitors out of the market. By undercutting prices to unsustainable levels, companies can engage in predatory pricing practices that harm competition in the long run.
Price competition is not considered an example of anti-competitive market behavior. In fact, price competition is a normal and healthy aspect of a competitive market. It allows consumers to benefit from lower prices as companies strive to attract customers by offering better deals. Price competition often leads to innovation, efficiency, and increased choices for consumers.
However, the issue arises when companies engage in anti-competitive practices that go beyond normal price competition. Some of these practices include self-preferencing, killer acquisitions, and deep discounting.
Self Preferencing
Self-preferencing occurs when a platform or marketplace gives preferential treatment to its own products or services over those of its competitors. This can create an unfair advantage for the platform's own offerings, making it difficult for competitors to compete on a level playing field. This practice can harm competition and limit consumer choice.
Killer Acquisitions
Killer acquisitions refer to the strategy of acquiring potential competitors in order to eliminate future competition. This can stifle innovation and prevent new entrants from challenging dominant players in the market. By acquiring promising startups or innovative companies, larger firms can maintain their market power and prevent competition from emerging.
Deep Discounting
Deep discounting is a pricing strategy where companies offer products or services at significantly lower prices than their competitors. While this can benefit consumers in the short term, it can also be used as a tactic to drive competitors out of the market. By undercutting prices to unsustainable levels, companies can engage in predatory pricing practices that harm competition in the long run.
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Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.Which of the subsequent practices is not considered to be an example of anti-competitive market behaviour?a)Self preferencingb)Killer acquisitionsc)price competitiond)deep discountingCorrect answer is option 'C'. Can you explain this answer?
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Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.Which of the subsequent practices is not considered to be an example of anti-competitive market behaviour?a)Self preferencingb)Killer acquisitionsc)price competitiond)deep discountingCorrect answer is option 'C'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.Which of the subsequent practices is not considered to be an example of anti-competitive market behaviour?a)Self preferencingb)Killer acquisitionsc)price competitiond)deep discountingCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.Which of the subsequent practices is not considered to be an example of anti-competitive market behaviour?a)Self preferencingb)Killer acquisitionsc)price competitiond)deep discountingCorrect answer is option 'C'. Can you explain this answer?.
Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.Which of the subsequent practices is not considered to be an example of anti-competitive market behaviour?a)Self preferencingb)Killer acquisitionsc)price competitiond)deep discountingCorrect answer is option 'C'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.Which of the subsequent practices is not considered to be an example of anti-competitive market behaviour?a)Self preferencingb)Killer acquisitionsc)price competitiond)deep discountingCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.Which of the subsequent practices is not considered to be an example of anti-competitive market behaviour?a)Self preferencingb)Killer acquisitionsc)price competitiond)deep discountingCorrect answer is option 'C'. Can you explain this answer?.
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