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Market Mechanism, Market Failure and government intervention
4.1.8.7 Competition policy
The general principles of UK competition policy
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What are the the general principles of UK Competition policy?:
anti
competitive
behaviour
open
and
fair
competition
innovation
and
productivity
Protect
consumer
rights
What are the the general principles of
UK
Competition
policy
?:
anti competitive behaviour
open and fair competition
innovation and productivity
Protect consumer rights
Benefits of UK Competition Policy:
Lower
prices
Increased
choice
Higher
quality
Costs of UK competition policy:
Adminstrative
costs
Restricting
Economies
of
Scale
:
Costs of
UK
competition
policy
:
Adminstrative costs
Restricting Economies of Scale: