Question

What are objective of the competition policy?​

Answer 1

The primary objective of competition policy is to enhance consumer welfare by promoting competition and controlling practices that could restrict it. More competitive markets lead to lower prices for consumers, more entry and new investment, enhanced product variety and quality, and more innovation.

Answer 2

Answer: The basic goal of competition policy is to improve consumer welfare by stimulating competition and enforcing rules that limit it. Consumers benefit from more competitive marketplaces because they get cheaper costs, more entry and new investment, better product variety and quality, and more innovation.

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