What are the main objectives of EU competition law?
A) To maintain the integrated internal market, to enhance consumer welfare and to ensure efficient allocation of resources
B) To protect economic freedom of competitors and to maintain the integrated market
C) To safeguard EU interests and to promote the welfare of consumers

Question

Quizplus · Accepted Answer

The main objectives of EU competition law are to maintain the integrated internal market, to enhance consumer welfare, and to ensure efficient allocation of resources. These objectives are designed to support fair competition among businesses, protect consumers from anti-competitive practices, and promote economic growth within the European Union. The law aims to prevent businesses from engaging in anti-competitive practices such as price-fixing, market sharing, and abuse of dominant market positions, to ensure a level playing field for all competitors. Additionally, EU competition law seeks to promote innovation and the development of new products and services, which ultimately benefits consumers by providing more choices and lower prices.

What Are the Main Objectives of EU Competition Law