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Under Article 101 of the Treaty on the Functioning of the European Union, which of the following accurately describes the legal treatment of cartels and anti-competitive agreements?
A
Under the former Article 81 TEC, undertakings were required to notify restrictive agreements to the Commission for an individual exemption before they could take legal effect.
B
The Council of the EU must grant prior authorization for any concerted practice that limits technical development under Article 102 TFEU.
C
Agreements between undertakings that have as their object the sharing of markets are prohibited and automatically void.
D
The European Commission holds exclusive competence to approve and regulate dominant market positions under Article 102 TFEU.
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