Very Short Introductions: Brilliant, Sharp, InspiringCompetition is responsible for much of the prosperity around us.
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In examining the laws and the way they are enforced, Ariel Ezrachi considers the delicate relationship between a free market economy and government intervention, and the fascinating forces of Competition that shape modern society.
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In doing so, Competition enforcers have to carefully consider the level of intervention and ensure they do not distort the natural dynamics of competition.
Drawing on case studies from the US and the European Union, this Very Short Introduction explores the promise and limitations of competitive market dynamics.
The Competition enforcers have the task of unravelling price-fixing cartels, challenging powerful companies that abuse their power, and monitoring proposed merger transactions that could undermine effective competition.
As a result, sellers may sometimes look for ways to dampen the competitive process.
Our Antitrust and Competition laws are designed to address these risks and safeguard consumer welfare.
But while Competition benefits the consumers, it can prove challenging to producers and sellers, who need to constantly improve to stay in business.
Competitive markets deliver lower prices, better quality, abundance of choice, and increased innovation.
Very Short Introductions: Brilliant, Sharp, InspiringCompetition is responsible for much of the prosperity around us
