Competition policy and anticompetitive practices

HideShow resource information
  • Created by: Lottie
  • Created on: 20-01-13 10:02
Preview of Competition policy and anticompetitive practices

First 122 words of the document:

The competition commission
Aims to promote competition
Investigates anti-competitive practices within markets which may have
a negative effect on consumer welfare
Investigates when larger companies merge when they own more than
25% of the market share
Benefits of regulation
Increases contestability
Increases consumer choice
Technological innovation is dynamic efficiency
Anti-competitive practices
Tactics to used by producers to restrict competition in the market
Collusion: collective agreement between producers to restrict
Cartel: groups of firms colluding
This causes abuse of the consumer with higher prices due to restricted
Restricts choice of product availability for the consumer
Creates barriers to entry


No comments have yet been made

Similar Economics resources:

See all Economics resources »See all resources »