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Crank
3 years ago
13

The purpose of competition policy ​

Law
1 answer:
MrMuchimi3 years ago
3 0
This Act, by prohibiting private monopolization, unreasonable restraint of trade and unfair trade practices, by preventing excessive concentration of economic power and by eliminating unreasonable restraint on production, sale, price, technology and the like, and all other unjust restriction of business. The economic role of competition is to discipline the various participants in economic life to provide their goods and services skillfully and cheaply.
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Electronic hacking and illegal trespassing for the purposes of acquiring a competitor’s proprietary information is considered.
jarptica [38.1K]

Electronic hacking and illegal trespassing for the purposes of acquiring a competitor’s proprietary information are considered economic espionage.

<h3>What is economic espionage?</h3>
  • Economic espionage includes electronic hacking and illegal trespassing to obtain a competitor's proprietary information.
  • Economic espionage is defined as the illegal or covert targeting or acquisition of sensitive financial, trade, or economic policy information; proprietary economic information; or technological information.
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  • President Clinton signed the Economic Espionage Act of 1996 into law.
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Therefore, electronic hacking and illegal trespassing for the purposes of acquiring a competitor’s proprietary information are considered economic espionage.

Know more about economic espionage here:

brainly.com/question/28218496

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