P(56) Business Law

Task 3
3.1, 3.2, 3.3 AND 3.4

Introduction
Competition policy has become one of the major important part
which helps in regulating competition in the industry. the presentation
will focus on different legislation made by EU for discouraging the
dominant position. Besides this, anti-competitive policies are
focused.

3.1 Monopolies and anti-competitive
practice legislation in UK
Monopoly- In this, there is only single supplier or the firm. regulation is carried out only when the firm
has more than 25% of market share.
Anti- competitive practice- Laws have been made for effectively regulating the practices of the
organization.
There are different legislations which are made by UK
Monopolies and Restrictive Practices Act 1948
Monopolies and Merges Act 1965
Enterprise Act 2002