Explaining Monopolies and Anti-Competition Practice Legislation in UK

BUSINESS LAW
TASK 3

3.1 Explaining monopolies and anti
competition practice legislation in
UK.
Monopoly:
 It is that organisation or company which is working within
market and also having most of market under their control that
company is also the biggest threat to all others who are
operating in that market.
 That company in market should be having about 25% of market
share only at that position it will be called to as monopoly firm.

CONTINUED...
Competition Act of UK 1998
 Will be providing protection to consumers in market with the high
level of competition which would b resulting in increased in price and
also quality of that product would be decreased.
 In this way that firm which is having more than 25% of market share
would also b the single supplier of product and having larger control
over market this is also called as scale or complex monopolies.
 As per the new provisions which have been added into this will b e
prohibiting anti competitive practice and abuse of dominant position
within market