The European Union uses an exemption system in its competition law. This means that:
A) certain industries are exempted from antitrust law because of their technology.
B) an agreement can be entered into if the prospective parties can obtain a negative clearance from the European Commission.
C) certain countries are exempt from the competition law until they reach further economic development.
D) none of the above.
Question 2
Federal law __________ conflicting state regulation when a federal law regulates that particular subject.
A) coincides with
B) is subordinate to
C) parallels
D) preempts