Question

Sucessfulness of competition policy in south Africa

Answer 1

Answer:

Five examples that support successfulness of the competition policy of South Africa are: 1) The product choices along with its competitive prices were provided to the consumers. 2) Practices such as horizontal collusion and resale price maintenance was declared unlawful in 1984.

Answer 2

Answer:

(a) To promote the efficiency, adaptability and development of the economy;

(b) To provide consumers with competitive prices and product choices;

(c) To promote employment and advance the social and economic welfare of South Africans;

(d) To expand opportunities for South African participation in world markets and to .