1.6.7 Competition Policy
Why do businesses need to be regulated for competition purposes?
- Mergers need to be investigated.
- Mergers could increase prices
- Mergers could discourage innovation
- Mergers could limit consumer choice.
- Ensure that firms do not engage in anti-competitive behaviour, e.g. cartels.
- Consumers need to be protected (under consumer law).
Useful information from the CMA:
- CMA Website
- About the CMA
- Video: How You Can Help Fight Cartels
- Video: Abuse of Dominant Market Position
- Competing Fairly in Business (Video Playlist)
Useful competition news sources:
- BBC Newsfeed: Competition and Markets Authority
- The Guardian Topic Page: Competition and Markets Authority
- CMA Case Studies
Ohter CMA Info:
- Private Schools Fee-Fixing
- Sainsburys-Asda Merger Article (The Economist 2018.05.03)
- CMA Boss: 'Imbalance of power' between big tech and sovereign nations (Video)
- Explanatoin of UK Competition Law (Super Extension)