Multiple choice

Agreement for the creation of monopolies

  1. is allowed in the interest of economy

  2. is opposed to public policy and hence void

  3. is not detrimental to any nation

  4. is impossible because of perfect competition in today's scenario

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Monopolies restrict competition and harm consumer interests. Public policy promotes fair competition and market efficiency. Agreements creating monopolies are therefore void as against public policy under Contract Act.