in your opinion, are the measures put into place by the government to prevent Anti competitive behaviour and specifically price fixing adequate. discuss fully
Answers
Answer:
Over the last few years, the Competition and Markets Authority (CMA) have stepped up their efforts to crackdown on price fixing in the UK. We've got five tips for staying compliant.
However, a survey found that only 57% of companies in the UK know that price fixing is illegal. So, what are the rules on price fixing in the UK? What are the consequences? And most importantly, how can you avoid price fixing and other anti-competitive practices?
What are the rules on price fixing in the UK?
In the UK, businesses and their owners, managers, and employees, must not discuss the prices they are going to charge their customers with their competitors.
A company would be breaking the law if they agree with another business:
to charge the same prices to customers
to offer discounts or increase prices at the same time
to charge the same fees to intermediaries, e.g. retailers selling products on the company's behalf