Why is Competition law important?

<p>A Competition law is important to prohibit firms from engaging in conduct that will&nbsp;<strong>distort the competitive process and harm competition</strong>&nbsp;by, for example, preventing firms from indulging in anti-competitive agreements, preventing firms with a powerful position on a market from abusing their market power, etc.</p><p>Moreover, Competition law is important for both businesses and consumers. It helps to create a level playing field for businesses and to protect consumers from exploitation. Competition law also promotes economic efficiency and innovation, which benefits everyone in society.&nbsp;</p>

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