Post Utme Wellspring University 2019 Commerce Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2019 Commerce Objective / Multiple Choice
Question 23 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • COMMERCE • objective

A consumer protection agency has received a complaint about a company's unfair business practices. The company has a market share of 70% and has been accused of engaging in price-fixing. If the agency finds that the company has indeed engaged in price-fixing, what is the likely outcome?

Answer Options

Correct Answer A. The company will be fined ₦1 million and required to pay compensation to affected consumers.
B. The company will be required to divest its assets and transfer ownership to a new entity.
C. The company will be allowed to continue operating with minimal penalties.
D. The company will be shut down and its assets seized.
Correct Answer
A
Correct Option:
The company will be fined ₦1 million and required to pay compensation to affected consumers.

About This Question

This is Post Utme Wellspring University 2019 Commerce Question 23. It is one of the objective questions from the 2019 Post Utme Wellspring University Commerce examination.

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