Competition Policy Flashcards
1
Q
Aims
A
Promote efficiency+ economic development
Provide consumers with competitive prices and choices
Promote employment
Promote participation by small- and medium-sized firms
Promote a greater spread of ownership (esp previously disadvantaged)
2
Q
Practice
A
Regulate mergers
Collusion is illegal
Regulates practices of firms with market power
Investigates… fines and jail time
