competition policy

Question 1

pillars of uk competition policy

Answer 1

Anti-trust & cartels:
o Eliminating agreements that restrict competition including price-fixing by firms with a dominant market position

• Market liberalisation:
  o Introducing competition in previously monopolistic sectors such as energy supply, retail banking, postal
  services, mobile telecoms and air transport
• Merger control:
  o Investigation of mergers and take-overs which could result in firms dominating the market