Pages in this set

Page 1

Preview of page 1
Harry Bindloss




UK COMPETITION POLICY
UK Competition Policy: Government policies to prevent and reduce the abuse of
monopoly power.

Abuse of monopoly power can lead to market failure and be against the public interest.
Therefore Governments are concerned to intervene and protect the interests of the
consumers.

There are four…

Page 2

Preview of page 2
Harry Bindloss




Advantages for and against controlling the behaviour of dominant firms

Advantages:
Stops price fixing which reduces consumer surplus
Stable prices
More control of Monopolies
Prohibits the abuse of dominant market positions
Fair trading
Stops mergers that would be damaging to markets
Appeals make the UK competition policy not…

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all resources »