Anti-Competitive Practices (Regulation)

Question 1

What are anti-competitive practices?

Answer 1

anything a firm might do to restrict competition

Question 2

What can the CMA do if they catch firms carrying out any anti-competitive practices?

Answer 2

fine them up to 10% of annual revenue
have the CEOS jailed and have the company shamed in the media

Question 3

Name some anti competitive practices

Answer 3

predatory pricing
price collusion
vertical integration