skhulileinnocentiank skhulileinnocentiank

16-05-2024
Social Studies

Answered

1.4.
Why competition commission promotes competition over monopolies?
(10)

Answer :

GinnyAnswer GinnyAnswer

16-05-2024

Final answer:

Competition commissions promote competition to prevent market distortions caused by monopolies through antitrust laws and government intervention.

Explanation:

Competition commissions promote competition over monopolies to prevent market distortion, high prices, and low output caused by firms with market power. Antitrust laws aim to address this imbalance by policing anticompetitive behavior and preventing monopolies from gaining more power. Government intervention through regulation of price and output is sometimes necessary, especially in cases of natural monopolies.

Learn more about Impact of competition commissions on market regulation here:

https://brainly.com/question/43818816

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