Question

What is the successfulness of competition policy in South Africa?

Answer 1

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 markets and monopolies in the country. It generally aims in preventing monopoly growth.

Answer 2

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.