Business Law 3.1 & 3.2: UK Monopolies, Competition Commission & EU Law

This assignment explores key aspects of UK business law, focusing on monopolies and anti-competitive practices. It defines anti-competitive agreements, including price fixing and bid rigging, and explains how these practices can be formal or informal. The assignment also covers abusive behavior by dominant firms, mergers, and the role of the Competition Commission in regulating competition. Furthermore, it defines a dominant position within the EU common market and discusses relevant EU law and exemptions. The document provides examples of businesses in dominant positions and highlights the importance of competition law in preventing cartels and monopolies that could harm societal interests. The content is supported by references to academic literature, providing a comprehensive overview of the subject.

Business Law

3.1 Explaining the monopolies and anti competitive practices
legislation in the UK.
Anti competitive is the agreements within the party which includes price fixing, limiting
production. All businesses whatever their sizes must understand and big effective leading that
affect the business goals and best involving and long term goals. It is the best and making the best
following the best outcome results.
These agreements can be formal or informal and may include shared understanding
concerted practices (Blau, 2017). Price fixing, bid rigging and other ways of agreeing not to
completed in an proper manner.
In some simple term the term or the process of identifying firms seeking to win customers
business over time in order to fining the better deal or process. In order to meet out the best
growing and long lasting channel of growing performance. UK concerned with some of the areas
Anti competitive agreements : anti competitive agreements are the those agreements who
become unlawful until unless they have some redeeming virtue such as the enhancement of
economic efficiency.

To Be Continued
Busive Behaviour : Abusive behaviour is the another term which is monopolist and who been
dominant firm with substantial market power. For example in this particular situation company
set their prices law in order to take out the rival company out of the market.
Mergers : Many systems of competition law enable to make the competition authority to
investigate the process of mergers between the parties. Clearly if one competitor were to
acquire its main competitor process.

3.2 Explaining the role of competition commission within the
context of monopolies
The Role of Anti-competitive and market authority
The role of anti competitive and market authority which comes into the main
goals and objectives in order to meet out the best outcome results and best
growing performance. The primary or some questions of the of the goals. That
affect the business new makes the best outcomes. This affect the business and
new major effective and make the long term affect.
Roles
• it creates mergers in order to includes or restrict the competition level.
• Also, Co-operating with sector regulators which helps to encouraging to
use better services or some new competitive power.

3.3 Defining the dominant position within EU common market
which gives example of such businesses.
• Firm is the best example which is the ability to behave independently of its
competitors, customers, suppliers and ultimately the final consumer.
• If it company can restrict competition by charging high prices, depriving
smaller competitors of customers by selling at artificially low prices.
• Dominant company and industry can easily exist in the market independently
with their customers and suppliers.

3.4 Discussing position when under EU law
and exemptions will be made to potentially
anti practising.
• European competitive law is the form or kind of competitive law within the
area of EU.
• This law or regulation helps to competitive within the EU market by
introducing anti competitive in order to ensure to not create cartels and
monopolies that would damage the interest of society.
• European competition has drives the most of the articles 101 to 109 of the
treaty on the functioning of the European union. Moreover, it brings the new
emerging and best performing goals to make the best attraction level.

REFERENCES
Adriaanse, M. J., 2016. Construction contract law. Macmillan International Higher Education.
Bettig, R. V., 2018. Copyrighting culture: The political economy of intellectual property. Routledge.
Blau, P., 2017. Exchange and power in social life. Routledge.
Blum, B. A., 2017. Examples & Explanations for Contracts. Wolters Kluwer Law & Business.
Boundy, C., 2016. Business contracts handbook. Routledge.
Damborg, C., Danson, M. and Halkier, H., 2017. Regional development agencies in Europe. Routledge.
Drahos, P. and Braithwaite, J., 2017. Information feudalism: Who owns the knowledge economy. Routledge.
Drahos, P. and Braithwaite, J., 2017. Information feudalism: Who owns the knowledge economy. Routledge.
Dratler Jr, J. and McJohn, S.M., 2018. Intellectual Property Law: Commercial, Creative and Industrial Property. Law Journal Press.

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