Political Science, asked by Anshuman8368, 1 year ago

Definition of territorial restrictionsas per competition law

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Answered by Anonymous
2

Answer:

Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. ... In the European Union, it is referred to as both antitrust and competition law.Competition law prohibits businesses from: Entering into anti-competitive agreements or concerted practices with others. Competition law applies not only to formal agreements but also to any sort of informal arrangement between businesses, whether written or verbal, which has an anti-competitive object or effect.

Answered by N3KKI
16

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Competition law prohibits businesses from: Entering into anti-competitive agreements or concerted practices with others. Competition law applies not only to formal agreements but also to any sort of informal arrangement between businesses, whether written or verbal, which has an anti-competitive object or effect.

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