competition policy - aims, types of intervention and regulatory bodies
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4 Terms
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what is competition policy
applying rules to make sure firms compete fairly and ensure the public interest is being protected
2
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who enacts competition policy
competition and markets authority (CMA)
3
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what are the aims of competition policy
prevent excessive pricing
promote competition
ensure quality, standards and choice
regulate natural monopolies/ensure effective privatisation of natural monopolies
promote technological innovation
4
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when will competition authorities intervene
antitrust and cartel agreements
investigate mergers
liberalise concentrated markets
monitor state aid control
Note 
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