Competition law, known in the
United States as antitrust law, has three main elements:It may prohibit agreements or practices that restrict free trading and competition between business entities. This includes in particular the repression of
cartels.It may ban abusive behaviour by a firm dominating a market, or anti-competitive practices that tend to lead to such a dominant position. Practices controlled in this way may include
predatory pricing,
tying,
price gouging,
refusal to deal and many others.It may supervise the
mergers and acquisitions of large corporations, including some
joint ventures. Transactions that are considered to threaten the competitive process can be prohibited altogether, or approved subject to "remedies" such as an obligation to divest part of the merged business or to offer licences or access to facilities to enable other businesses to continue competing.
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LEGGI ANTIMONOPOLISTICHE. LEGGI ANTITRUST