What is MRTP act???????????????
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The Act has three areas of Regulatory Provisions:
Concentration of economic Power, Competition Law and Consumer Protection. The MRTP Act 1969 came up to ensure that there is no concentration of economic power at a single place. Besides it also checked the restrictive, monopolistic and restrictive trade practices.
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It is an act ( Monopolies Restrictive Trade Practices Act) framed to prevent monopolisation practices and regulate the conduct or business practices of firms that aren't in public interest.
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