May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Chapter 31: The MRTP and the Competition Acts | 409 |
the form of information asymmetries, unethical collusions, hostile
takeovers, malicious interlocking directorates in companies, trans-
fer pricing, strategic market alliances, unjustifi ed market segmenta-
tion and differential pricing, and a number of other monopolistic
and unfair trade practices. These factors result in anticompetitive
outcomes, which underscore the need for regulation of competition.
The regulation and protection of competition usually requires a
competition policy backed by an appropriate legislation. There are
three basic areas of such competition policy:
Control of dominance fi rms by regulation
Control of mergers to prevent the possibility of emergence
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