Question 8 [9] The Competition Commission (Commission) is one of three independent statutory bodies established in terms of the Competition Act, No. 89 of 1998 (the Act) to regulate competition between firms in the market. The Market Conduct Division conducts investigations into alleged abuse of dominance, vertical restrictive practices and horizontal restrictive practices not classified as cartel conduct. It also evaluates exemption applications filed with the Commission. To answer the following questions, you will have to find the relevant information by visiting the Competition Commission's website: https://www.compcom.co.za 8.1. The abuse of dominance refers to anti-competitive practices perpetrated by dominant firms. List the factors that constitute abuse of dominance. (2) 8.2. Differentiate between restrictive vertical practices and restrictive horizontal practices. (4) 8.3. Explain the concept known as market power. (1) 8.4. The Act prohibits the abuse of a dominant position by firms in a market, but does not prohibit firms from holding a dominant position. Clarify this statement. (2) ASSIGNMENT TOTAL: [100] Page 8 of Assignment STADIO SBS