P(56) Business Law

Business

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

3.2 Role of competition commission with context of
monopolies and anti-competitive practices
The role are as follows:
 It helps in stabilizing competition practices
It ensures that no unfair trade practices is held
 responsible in controlling the merger within EU dimension

3.3 Dominant position within EU
common market
Dominant position is regarded as the position in which one organization is in the
controlling position and further act as a sole player. Besides this, they have huge
influence on the activities performed by other organization in the same field. It is
not encouraged in EU market.

3.4 Exemptions in anti- competitive
practices
There are certain policies which are excepted by EU because they are not
harmful for the society
Chapter 1 or article 101 has been exempted from the policy of competition
The practices which are not fair for competition policy are exempted
Limited exemptions are also given on institutions, activities etc.

Conclusion
From this report it can be concluded that dominant position is not encouraged in
EU. Besides this, government have taken several measures to reduce the
competition among the organization. for this reason, the different legislations are
made by EU. Further, there are some of the rules which are exempted from the
competition policy.

REFERENCES
Whish, R. and Bailey, D., 2015. Competition law. Oxford University Press, USA.
Gerber, D., 2010. Global competition: law, markets, and globalization. Oxford University Press.
Arnold, J.M., Nicoletti, G. and Scarpetta, S., 2011. Does anti-competitive regulation matter for productivity?
Evidence from European firms.
McGovern, E., 2016. International trade regulation (Vol. 2). Globefield Press.
Shan, P., Tan, G., Wilkie, S.J. and Williams, M.A., 2012. China’s anti-monopoly law: what is the welfare
standard?. Review of Industrial Organization, 41(1), pp.31-52.
Miller, R. L. R., 2012. Business Law Today: The Essentials. 10th ed. Cengage Learning.