P(55) Business Law

Business

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.

3.2 Competition Commission within
monopolies and anti-competitive practices
and UK office of fair trading
For facing competition, monopolies and anti-competitive practices
presents competition commission for facing competition through making
commission policies. In this regard, for making place in fair trading,
different strategies are prepared for competition. Moreover, competition
commission within monopolies and anti-competitive practices are
occurred for attracting customers.

3.3 Dominant positions within EU
common market
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.

Cntd.
In addition to this, EU common market and competitive strategies
get improved through this process system. Moreover, dominant
positions regarding financial and non-economic aid is obtained
through this strategies that are related with facing competition and
increasing business and competitive strategies can be enhanced at
high level.

3.4 Application of EU exemptions to
potentially anti-competitive practices
European union is related to competitive strategies and
practices for making positions in anti-competition markets.
However, monopolies and anti-competition practices get aid
through this systems that are linked with varieties of tools for
facing competition and commission for fair trading. In this
regard, policies created by European Union are generated that
consists of different planning policies and social welfare.

Reference
Dimatteo, L.A., 2016. International Business Law and
the Legal Environment. Routledge.
Goldman, A., 2013. Business law: Principles and
Practices. Cengage.
Klass, G., 2010. Contract Law in the USA. Kluwer
Law International.