The EU and UK approaches to restrictive practices are very similar. Article 101 of the Treaty of the Functioning of the European Union and Chapter 1 of the UK's 1998 Competition Act do not seek to ban all agreements between oligopolies, but rather to ban various types of anti- competitive behaviour by oligopolists.

Question

Quizplus · Accepted Answer

Both Article 101 of the Treaty on the Functioning of the European Union (TFEU) and Chapter 1 of the UK's 1998 Competition Act are aimed at preventing anti-competitive practices, but they do not outright ban all agreements between oligopolies. Instead, they focus on prohibiting specific types of anti-competitive behavior, such as price-fixing, market sharing, and limiting production, among oligopolists.

The EU and UK Approaches to Restrictive Practices Are Very