Question

the purpose or objectives of competition policy​

Answer 1

Answer:

Competition policy, public policy aimed at ensuring that competition is not restricted or undermined in ways that are detrimental to the economy and society. It is predicated upon the idea that competitive markets are central to investment, efficiency, innovation, and growth.

Answer 2

Answer:

The primary objective of competition policy is to enhance consumer welfare by promoting competition and controlling practices that could restrict it. More competitive markets lead to lower prices for consumers, more entry and new investment, enhanced product variety and quality, and more innovation.

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