Which independent statutory commission, established under Law No. 5/1999, investigates and penalizes corporate monopolies, cartels, and unfair business competition?
Answer and explanation
Correct answer: C. Komisi Pengawas Persaingan Usaha (KPPU)
- Step 1: The KPPU is an independent regulatory body overseeing fair market competition in Indonesia. Step 2. It has the authority to investigate price fixing, bid rigging, monopolies, and abusive mergers, imposing administrative fines and remedies. Answer: Komisi Pengawas Persaingan Usaha (KPPU). Why not the others: OJK regulates financial institutions; Bappebti oversees commodity futures.
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