QCM : EU Competition Law Fundamentals — 8 questions

Question 1

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

Chicago School

Harvard School

Neoclassical Economics

Ordoliberalism (Freiburg School)

Explication

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.

Answer

Ordoliberalism (Freiburg School)

Question 2

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

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

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

A policy aimed at reducing consumer prices exclusively

A legal principle ensuring consumer rights and protection from unfair practices

Explication

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.

Answer

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

Question 3

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

To introduce decentralised enforcement and improve cooperation between authorities

To solely focus on sustainability agreements under the Horizontal Guidelines

To replace the Damages Directive with a new legal framework

To centralize all enforcement actions within the European Commission

Explication

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

Answer

To introduce decentralised enforcement and improve cooperation between authorities

Question 4

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

Articles 1-10 TFEU

Articles 200-210 TFEU

Articles 101-109 TFEU

Articles 50-60 TFEU

Explication

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

Answer

Articles 101-109 TFEU

Question 5

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

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

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

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

Harvard School : Structure – Conduct- Performance paradigm

Explication

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.

Answer

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

Question 6

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

2015

2010

2004

1999

Explication

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

Answer

The company's ability to profitably raise prices over time

Question 7

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

2024

2025

2022

2023

Explication

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

Question 8

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

The company's total revenue regardless of market conditions

The company's product diversification strategies

The company's ability to profitably raise prices over time

The company's advertising expenditure

Explication

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.

QCM : EU Competition Law Fundamentals — 8 questions

Questions et réponses du QCM

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

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

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

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

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

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

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

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

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