Question

Successfulness of competition policy in South africa​

Answer 1

Answer:

1) The product choices along with its competitive prices were provided to the consumers.

2) Practices such as horizontal collusion and resale price maintenance was declared unlawful in 1984.

3) Prevention of monopoly growth was the aim of the competition policy act.

4) Countries monopolies and markets were regulated by the help of this structure.

5) It benefited all the South Africans either by providing employment and by participation of small and medium enterprises balancing the act through ownership economic transformation.