Cuestionario: EU Competition Law Fundamentals — 8 preguntas

1. Which school of thought influences EU competition law by viewing competitive markets as systems characterized by economic freedom and legally protected individual rights?

A. Chicago School

B. Harvard School

C. Neoclassical Economics

D. Ordoliberalism (Freiburg School)

Answer: (D)

Explicación

Ordoliberalism (Freiburg School) is the school of thought that views competitive markets as systems characterized by economic freedom and legally protected individual rights, influencing EU competition law.

2. What does 'consumer welfare' refer to in EU competition law?

A. An economic efficiency goal including low prices, quality, choice, output, and innovation

B. The overall well-being of consumers in terms of health and safety

C. A policy aimed at reducing consumer prices exclusively

D. A legal principle ensuring consumer rights and protection from unfair practices

Answer: (A)

Explicación

Consumer welfare in EU competition law refers to an economic efficiency goal that includes low prices, quality, choice, output, and innovation, as stated in the source.

3. What is the primary role of Regulation 1/2003 in EU competition law enforcement?

A. To introduce decentralised enforcement and improve cooperation between authorities

B. To solely focus on sustainability agreements under the Horizontal Guidelines

C. To replace the Damages Directive with a new legal framework

D. To centralize all enforcement actions within the European Commission

Answer: (A)

Explicación

Regulation 1/2003 introduced decentralised enforcement known as 'modernisation', enhancing cooperation between the Commission and national authorities.

4. Which articles are identified as the primary sources of EU competition law in the text?

A. Articles 1-10 TFEU

B. Articles 200-210 TFEU

C. Articles 101-109 TFEU

D. Articles 50-60 TFEU

Answer: (C)

Explicación

The source states that primary sources of EU competition law include Articles 101-109 TFEU, making option 0 correct.

5. Which statement matches the topic "Anti-competitive agreements and cartel enforcement examples"?

A. Between firms : Involves agreements or conduct between multiple undertakings, either at the same level or at different levels of the supply chain

B. Ordoliberalism (Freiburg School) : A school of thought influencing EU competition law that views competitive markets as systems characterized by economic freedom and legally protected…

C. Chicago School : Interventions should be limited to practices not leading to efficient outcomes in the market

D. Harvard School : Structure – Conduct- Performance paradigm

Answer: (A)

Explicación

This statement comes directly from the course section dedicated to this topic: Between firms : Involves agreements or conduct between multiple undertakings, either at the same level or at different levels of the supply chain.

6. When was the Microsoft Media Player case related to abuse of dominant position decided or fined?

A. 2015

B. 2010

C. 2004

D. 1999

Answer: (C)

Explicación

The source states that the Microsoft Media Player case was in 2004, making it the correct date of the decision or fine.

7. In what year was the Lufthansa/ITA Airways merger conditionally approved?

A. 2024

B. 2025

C. 2022

D. 2023

Answer: (A)

Explicación

The source states that the Lufthansa/ITA Airways merger was in 2024 and was conditionally approved with remedies.

8. In assessing whether a company has market power, which of the following should be considered in practice?

A. The company's total revenue regardless of market conditions

B. The company's product diversification strategies

C. The company's ability to profitably raise prices over time

D. The company's advertising expenditure

Answer: (C)

Explicación

Market power involves the company's ability to profitably raise prices over time, which reflects its influence over the market and its capacity to limit competition.