Part IV International Business Law, XXIX International Competition Law
- Competition — Regional co-operation — EC Law
Competition law (in the United States antitrust law) is a framework of rules to promote and maintain undistorted competition. These rules prohibit restrictive practices of undertakings, restrain monopolies, prohibit the abuse of dominant position, and control mergers. Some countries have set up established specific regulatory mechanisms apart from general competition law to establish and foster competition in markets traditionally governed by network oligopolies or in markets opened after the demise of State monopolies (markets for energy, postal services, railway...