Competition policy
Competition policy comprises government measures to maintain and promote competitive markets, including merger control, prevention of anti-competitive agreements, and enforcement against abuse of dominant position by monopolies or oligopolies.
Real World
In 2021 the EU fined Google €4.3 billion for abusing its dominant position by requiring Android manufacturers to pre-install Google Search, a landmark example of competition policy enforcement.
Exam Focus
For 'evaluate' questions on competition policy, consider whether regulators have the information and enforcement power to act effectively.
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