Question

Successfulness of the competition policy in South Africa support your answer by mean of 5 examples.
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Answer 1

Explanation:

Five examples that support successfulness of the competition policy of South Africa are: 1) The product choices along with its competitive prices were provided to the consumers. 2) Practices such as horizontal collusion and resale price maintenance was declared unlawful in 1984.

Answer 2

Answer:

The competition act was implemented in South Africa to maintain and promote competition in the south African market to promote economic efficiency, adaptability, and development it is a structure which regulates the market and monopolies in the country. It generally aims in preventing monopoly growth.