What is a Competition Policy in an economy

2 answers:

8 0

In economy, Competition policy is the structures governments have in place for the regulation of markets and monopolies. Competition policy generally aims to: Prevent growth of Monopoly power. Prevent abuse of Monopoly power and restrictive trading practices. Reduce barriers to entry and keep markets contestable.

djverab [1.8K]2 years ago

7 0

Answer:

In economy,Competition policy is the structures governments have in place for the regulation of markets and monopolies. Competition policy generally aims to: Prevent growth of Monopoly power. Prevent abuse of Monopoly power and restrictive trading practices. Reduce barriers to entry and keep markets contestable.

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