Examining Monopolies, EU Law, and Anti-Competitive Practices in UK

This report provides a comprehensive analysis of monopolies and anti-competitive practices within the UK, focusing on the regulatory mechanisms in place to ensure fair competition. It identifies monopolies and discusses quality and return rate regulations implemented by the UK government. The role of the Competition Commission in addressing issues related to fair trade and commerce is elaborated upon, along with an examination of dominant positions within the EU common market, referencing Article 82 of the Treaty of the European Union. Instances of EU law exemption are discussed, highlighting legislation designed to control market dominance and restrict anti-competitive agreements. The report concludes that while monopolies can offer unique products, they also pose risks to fair trade, emphasizing the importance of regulatory oversight to maintain a competitive market environment. Desklib provides access to this report and many other solved assignments for students.

BUSINESS L AW

TABLE OF CONTENT
• Introduction
• Identifying monopolies and anti-competitive practices in UK
• Elaborate on the role of the competition commission in the context of the
monopolies and anti-competitive practices
• Dominant positions within the EU common market businesses
• Discussion Regarding the Instances of EU law exemption
• Conclusion
• References
• Thank You Page

INTRODUCTION
A c o m p r e h e n s i v e d i s c u s s i o n o n m o n o p o l y , a n t i -
c o m p e t i t i v e m a r k e t a n d t h e l a w s i m p l e m e n t e d
b y t h e l e g i s l a t i o n o f t h e c o u n t r y t o e v a d e
d o m i n a n t e x i s t e n c e o f u n h e a l t h y
c o m p e t i t i o n s i n e c o n o m y

IDENTIFYING MONOPOLIES AND ANTI-COMPETITIVE
PRACTICES IN UK
Quality Regulation - This is the system
that determines and checks the quality of
the product produced by the monopoly
market. Thus this helps in maintaining a
particular standard of quality of the
products. The investigation mergers are the
controllers in the UK markets.
Return Rate Regulation - The
measurement determined by the UK
government in case of the market
monopolies in favor of the overall price
rate in relation to the capital price and
the company’s production costing.

3.2. ELABORATE ON THE ROLE OF THE COMPETITION
COMMISSION IN THE CONTEXT OF THE MONOPOLIES
AND ANTI-COMPETITIVE PRACTICES.
The linchpin of an
economy in market
situations is competition.
Competition leads to an
improvement in the
standard of the product
and encourages efficiency
amongst the competitions
Problems that
usually arise in
case of fair
conduct of trade
and commerce
are solved by
the competition
commission

3.3.THE DOMINANT POSITIONS WITHIN THE EU
COMMON MARKET BUSINESSES.
Article 82 of treaty of the European Union, prohibits any abuse by the
competition over others in the market sector. The stronger the
competition, stronger the impact on the market, thus making the
business tougher for the other fellow participants
A dominant firm often takes away the opportunities for the existence of
other competitors in the market. A fair competition in a market is
considered as the perfect setting for all the sellers allowing them an
equal opportunity in the market. One such a prime example of oldest
national dominating monopoly company in UK is the British Telecom
established in 1846. The reason for the success is because they form the
prime telecommunication system in UK.

3.4.DISCUSSION REGARDING THE INSTANCES OF EU LAW
EXEMPTION
• The legislation of United Kingdom along with European legislature has
devised ways and methods to control the dominance in the monopoly
system.
• The practice of controlling the existing market situation when a
particular organization earns 25% or more profit in the market is
referred to as monopoly. EU law actively prohibits any agreement that
imposes a restriction on free trade and commerce in a market.The
behaviours of the organizations, which is abusive in nature, in order to
uphold their dominance in the market is completely banned.

CONCLUSION
Monopoly is the market condition where a single company dominate
over the market with the production of a unique product that is not
produced by any other company. However, it is identified that the
production of a single type of product along with anti-competitive
practices reduces the chances for a fair trade and commerce flow in
the market. This leads to the uncertainty amongst the competitors
present in the market by cutting down the availability of options for the
consumers.

REFERENCES
Baran, K.S., Fietkiewicz, K.J. and Stock, W.G., 2015, May. Monopolies on
Social Network Services (SNS) Markets and Competition Law. In ISI (pp.
424-436).
Barnes, N., 2015, September. Monopolies of Violence: Gang Governance in
Rio de Janeiro. In Midwest Political Science Association Annual
Conference, Chicago.
Moazed, A. and Johnson, N.L., 2016. Modern monopolies: What it takes to
dominate the 21st century economy. St. Martin's Press.