P(55) Business Law

Business Law
(Task 3)

3.1 Monopolies and anti-competitive
practice legislation in 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. In this regard,
single supplier decides price of goods as well.

Cntd.
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.