Competition Policy and Its Purpose
Competition Policy and Its Purpose

Competition policy is the set of government measures designed to promote competition and prevent firms abusing monopoly power. Its purpose is to protect consumers from higher prices, restricted output and reduced choice.
Step-by-step lessons covering AQA A Level Economics 1.8.7 Competition policy (A-level only) for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.