Indian Polity · Polity
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: When assessing whether a combination will negatively impact the market under Section 20, the Competition Commission of India (CCI) scrutinizes existing entry barriers, the extent of market competition, and potential efficiency gains. Reason R: The Competition Act, 2002 strictly mandates the CCI to disregard any potential efficiency gains and base its assessment of a combination exclusively on the market share of the entities involved. In the light of the above statements, choose the most appropriate answer from the options given below:
- 1A is not correct but R is correct
- 2A is correct but R is not correct✓
- 3Both A and R are correct but R is NOT the correct explanation of A
- 4Both A and R are correct and R is the correct explanation of A
Correct answer
A is correct but R is not correct
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