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Competition Law Toolkit
V. Practices Controlled By Competition Law
A system of competition law which is intended to protect the process of competition will typically be concerned with three issues:
- Anti-competitive agreements that have the object or effect of preventing, restricting or distorting competition;
- Abusive behavior by a monopolist firm or by a dominant firm with significant market power that could be harmful to consumer welfare; and
- Mergers that would reduce (or which have reduced) rivalry between firms in the market, again with detrimental consequences for consumer welfare.
See also
- Public Restrictions of Competition and Competition Advocacy. A fourth feature of some systems of competition law is the establishment of a competition advocacy role for competition authorities, where they review and, where appropriate, comment on public restrictions of competition—restrictions on competition that the state itself imposes (e.g., through legislation, regulation or the provision of state aid).
- Competition Law and Other Areas of Law and Policy. This section discusses the relationship between competition law and other important areas of law and policy, such as unfair competition, industrial policy, employment, the treatment of small and medium-sized business, trade liberalization and foreign direct investment.
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