Question

(adapted from Businesstech.co.za.2016) 1 Which institution imposes fine on companies that are quilty of collusion?(1) 2.2 What is the role of the Competition Appeal Court? (1) 2.3 Explain ONE aim of competition policy. (2) 2.4 How does competition in the market benefit the consumer? (2) 2.5 Briefly discuss the success of competition policy of South Africa. (2 x 2)(4) 3. With the aid of graphs, differentiate between the perfect competition and monopoly in the short run. TOTAL: 50​

Answer 1

Answer:

hello everyone, I'm new here.