Business Law: Anti-competitive Practices, Monopolies, and Dominant Positions

Business Law

Introduction
Business law can be defined as the body of law which is applied to
the conduct of persons and businesses who are engaged in sales,
merchandising, trade and commerce, relations and rights. It is the
branch of the civil law and is concerned with both public and private
law. It covers all the laws which explains how business should work
and make its formation. This report is based on the topic of business
law on the case study of Ben who gets defected car.

3.1 Anti-competitive practice legislation and
monopolies in UK
Anti-competitive agreements include limiting production in order
to drive prices, price fixing, agreement regarding not to sell to the
customer of competitors. In UK, monopoly can be defined as the
strategy of business which has more than 25% market share.
Monopoly can be defined as where there are more buyers and less
sellers. In such cases, sellers misuse their positions and take undue
advantage.