Monopolies and Anti-Competitive Practice Legislation in the UK

This presentation provides an overview of the monopolies and anti-competitive practice legislation in the UK. It explains the Monopolies and Restrictive Practices Act 1948, Monopolies and Mergers Act 1965, and Enterprise Act 2002. It also discusses the role of the competition commission and the concept of dominant position in the EU common market. The presentation highlights the importance of fair trading practices and the exemption under EU law regarding anti-competitive practices.

Business Law
TASK 3

3.1 Outline and explain the monopolies and anti
competitive practice legislation in the UK
Following are some
legislation which relates
to monopolies and
competition.
Monopolies and restrictive
practices act 1948:
Monopolies and merges
act 1965
Enterprise act 2002:

Competition and Market Authority
UK
The competition and market autjority is a non ministerial government
department in the UK.It is responsible for strengthing business competition
and prevewnting and overcoming anti competitive activities. The CMA
launched in shadow form on 1 October 2013 and began operating fully on 1
April 2014.Following atre various monoppolies and anti competitive
practices legislation in the UK-
• Monopolies and anti-competitive practices are market structural frameworks
that are interrelated with facing competition and selling goods. However,
under monopolies, it is determined that a single supplier is obtained in this
market structure that supplies goods in respect of selling goods.
• On the other hand, through anti-competitive practice, there is quite high
competition is occurred in market. Therefore, several number of buyers and
sellers are obtained for following legislation through providing healthy goods
and services to various customers.. In this regard, cut throat competition is
presented under this market structure is related with facing competition and
attracting customers for demanding related to property's transaction and
possession on it.

3.2 Role of competition commission in context of
monopolies and anti-competitive practices
• The commission of
competition of UK have
main role in stabling the
compeition pracices in the
country
• The authority makes sure
that no unfair practices of
trade are being conducted in
economy so as to create
well developed growth
measures

Competition and Market
Authority UK
For facing competition, monopolies and anti-
competitive practices presents competition
commission for facing competition through
making commission policiesHowever, within
both of these markets UK, competitions are
occurred for society's awareness and taking
advantage of commission In accordance to this,
for presenting trade fair and exhibitions for
supplying goods, different strategies are
prepared to attract customers and providing
them healthy products. In accordance to this,
competition commission within both of these
markets in the UK.

Conti...
• Fair trading practices are affected within the
economy that makes development of important
and defined impact on the business growth
• Competition as well as market authority as
well as financial conduct authority possess
active role in development of competition
condition within UK market.

Defining dominant position in EU
common market
• It is considered as a
measure by which company
takes control possition in the
eeconomy and perform as a
sole player in the market.
• The organisation takes the
advantge for the higher
market share, high sales and
demand in the economy.

Conti...
• The dominant position is
not being acceptable by
UK economy as results in
minimizing the measures
of competition in the
economy.
• Another aspect that
needs to be considered is
abuse of dominant
position and enforcement.

Conti..
In the United kingdom both market structures as
monopolies and anti-competition are useful for
enchaining effectiveness of country. After brexit,
European Union get separated therefore, various
changes occurred in business organization's
performance. However, common market get
influenced through EU. In accordance to this, several
ideas are created for creating innovations in business
activities and enhancing efficiencies. However, large
number of entities established that are interlinked
with different sectors of nation such as employment,
education, production of gods and so on. Therefore,
positions of business market impacted through EU.

Exemption under EU law regarding
anti-competitive practices
• There is a scope of exempting the competition
policies in certain cases if they do not have
much potential to harm other firms of society.
• The acts covered under chapter 1 and article
101 of competition act exempts the
competition policies mentioned in it.

Cont....
• The said act ensures that organisations who are
not able to compete and does not have the
dominance in market can be removed from the
policy so that an opportunity can be provided
regarding growth and development in the
environment

Conti..
• This act possess the right to take necessary
actions under regulatory duties to restrict the
dominance of any single firm in the economy.
This can be understood as an attempt of this
act for maintaining fairness in trade and
competition.

REFERENCES
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So, B.K.L., 2016. Business, Law and Education for
Modernity. Routledge.
Sprague, R., 2016. Editor's Corner: Publishing
Impactful Scholarship.American Business Law
Journal. 53(1). pp.5-8.

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