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CS Executive · Economic, Commercial and Intellectual Property Laws · Competition Law

Veda Pharma Ltd holds a position of strength in the relevant market in India that lets it behave independently of competitive forces prevailing in that market. Under the Competition Act, 2002, how is this position described?

It is a dominant position. The Act defines it as a position of strength in the relevant market in India that enables an enterprise to operate independently of competitive forces or to affect competitors, consumers or the market in its favour.

  1. ACartel position
  2. BDominant positionCorrect
  3. CCombination position
  4. DGroup position

Explanation

The Explanation to section 4 defines 'dominant position' as a position of strength enjoyed by an enterprise in the relevant market in India which enables it to operate independently of competitive forces or to affect competitors, consumers or the relevant market in its favour. The other terms refer to different concepts such as agreements, combinations or groups.

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