Question

Criteria for determining appreciable adverse effect on competition and dominant position

Answer 1

Generally, the agreements which cause or are likely to cause appreciable adverse effect on competition are anti-competitive agreements.[1] Such agreements may be horizontal or vertical. ... The term 'appreciable adverse effect on competition', used in section 3(1) has not been defined in the Act

Provides for Regulation of ... Agreements having appreciable adverse effect on competition .... Determination of substitutability of products:.