1. It is the primary competition policy of the Philippines for d.

Output Restriction
promoting and protecting competitive market.
a. RA 10677 6. It occurs when competitors coordinate their actions to
b. RA 10667 manipulate the outcome of a bidding process to their
c. RA 10766 benefit.
d. RA 10676 a. Bid rigging
b. Price fixing
2. It refers to a position of economic strength that an c. Output restriction
entity or entities hold which makes it capable of d. Market sharing
controlling the relevant market independently from any
or a combination of the following: competitors, 7. This is an agreement by two or more competing
customers, suppliers, or consumers. businesses to set or limit production levels and create
a. Control an artificial supply shortage, thereby raising prices.
b. Dominant Position a. Bid rigging
c. Abuse of Dominant Position b. Price fixing
d. Acquisition c. Output restriction
d. Market sharing
3. Agreements that are made between businesses in the
same stage of the production chain. 8. Furukawa Electric Co., Ltd., a supplier of electrical boxes
a. Horizontal (i.e., fuse boxes, relay boxes, and junction blocks) used
b. Vertical in motor vehicles, was among the pre-qualified
c. Mutual suppliers of Honda Canada. When Honda called for
d. Relevant supplier quotes, Furukawa coordinated with its Japan-
based competitors regarding their price quotations or
4. The following are examples of Anti-Competitive bids. These meetings resulted in an arrangement
Agreements, except: whereby Furukawa would earn the contract for the
a. Price Fixing tender. Consequently, Furukuwa was awarded the
b. Bid rigging contract to supply the automobile parts of the 2001 and
c. Output restriction 2006 models of the Honda Civic. From 2000 to 2005,
d. Barriers to Entry the estimated sales amounted to CAD16.5 million. What
violation was committed, if any?
5. The following are examples of abuse of dominant a. Price fixing
position, except: b. Bid rigging
a. Monopoly pricing c. Sharing markets
b. Limiting Production d. Limiting production
c. Unfair Pricing e. Output limitation
9. Ten cement manufacturing companies were found guilty
of artificially restricting their output, which led to price
hikes of cement products across India. Through the
Cement Manufacturers’ Association (CMA), competitors
discussed various confidential business information,
such as prices and quantity of production, which led to
an agreement of controlling the supply of cement
products in the region. In 2010, the Builders’
Association of India filed a complaint against the CMA
and the cement manufacturing companies involved for
engaging in a cartel arrangement. What violation was
committed, if any?
a. Price fixing
b. Bid rigging
c. Sharing markets
d. Limiting production
e. Output restriction
10. SF Weekly and Bay Guardian are freely-distributed
newspapers which solely depend on advertisements for
revenue. SF Weekly decided to lower its advertisement
rates relative to its competitor, the Bay Guardian. Both
companies were losing money. However, unlike the Bay
Guardian, SF Weekly is owned by Village Voice Media, a
large media company. Hence, the latter could
remain in the newspaper industry despite incurring
losses. What violation if any was committed?
a. Price fixing
b. Predatory pricing
c. Insider Trading
d. Barriers to entry
e. Limiting production
11. Period of limitation under the Philippine Competition Act
a. 1 year
b. 2 years
c. 3 years
d. 5 years
e. 10 years
12. S1 - If the violation in PCA involves the trade or
movement of basic necessities and prime commodities
as defined by Republic Act No. 7581, as amended, the
fine imposed by the Commission or the courts, as the
case may be, shall be tripled.
S2 – Horizontal Relationship refers to a situation where
an entity operates in a market that is immediately
upstream or downstream of a market in which another
entity operates, such that the two entities are in an
actual or potential buyer-seller relationship.
a. All are true
b. All are false
c. Only S1 is false
d. Only S2 is false
13. S1 – In Compulsory notification, parties to the merger
or acquisition agreement xxx wherein the value of the
transaction exceeds one billion pesos
(p1,000,000,000.00) are prohibited from
consummating their agreement until thirty (30) days
after providing notificati to the Commission.
S2 - The PCC may conduct a motu proprio review of
merger and acquisition or review a transaction upon
notification by the parties thereto.
a. All are true
b. All are false
c. Only S1 is false
d. Only S2 is false
14. The following are examples of abuse of dominant
position, except:
a. Barriers to entry
b. Unfair low price
c. Tying and bundling
d. Predatory pricing 18. It is the selling of goods or services below cost with
e. Bid rigging the object of driving competition out of the relevant
market.
15. S1 - Merger refers to the purchase of securities or a. Low-cost selling
assets, through contract or other means, for the b. Discriminatory pricing
purpose of obtaining control by: (1) One (1) entity of c. Bargaining
the whole or part of another; (2) Two (2) or more d. Predatory pricing
entities over another; or (3) One (1) or more entities
over one (1) or more entities. 19. As of September 16, 2022, mergers and acquisitions
S2 - Agreement refers to any type or form of that reach a Size of Party of ________and a Size of
undertaking, collective recommendation, independent Transaction of __________ will have to be notified to the
or concerted action or practice, whether formal or Philippine Competition Commission for mandatory merger
informal. review.
a. Both are correct a. P5.9 Billion; P2.3 Billion
b. Both are incorrect b. P6.1 Billion; 2.5 Billion
c. S1 is correct, S2 is incorrect c. P6 Billion; P2.4 Billion
d. S1 is incorrect, S2 is correct d. P6.2 Billion; 2.6 Billion

16. The following are the covered persons and entities 20. The following are the prohibited acts under the Anti-
under the Philippine Competition Act: Competition Act:
a. Any person or entity engaged in any trade,
industry and commerce in the Philippines. I. Anti-competitive agreements
b. International trade having direct, substantial, II. Abuse of Dominant Position
and reasonably foreseeable effects in trade, III. Anti-Competitive Mergers and Acquisitions
industry and commerce in the Philippines. IV. Share purchase, when the purpose is “solely for
c. A only investment and not used for voting or exercising control
d. Both A and B
a. All except II
17. It refers to a position of economic strength that an entity b. All except III
holds which enables it to control the relevant market c. All except IV
independently from any or a combination of the d. All of the above
competitors, suppliers, customers, or consumers.
a. Undue advantage
b. Dominant position
c. Influence peddling
d. Economic power