QUESTION 1 Firms can be convicted for cartel activities even if there is no hard evidence of a contract, agreement or understanding. O True False QUESTION 2 Exclusive contracts between a buyer and a seller are not prohibited per se. Competition authorities assess them on a case-by- case basis. O True False QUESTION 3 Antitrust authorities consider a firm as dominant if it has a market share of at least 50 percent. O True FalseQUESTION 4 An incumbent reducing its price after entry of a competitor is always sign of predatory pricing. O True False QUESTION 5 When an incumbent uses price wars to prevent the market entry of competitors, consumers are always worse off. O True O False