European Competition Authority

The European Competition Authority refers to the European Commission's competition enforcement arm, which monitors and regulates business practices within the European Union (EU). Its main role is to promote fair competition by preventing monopolies and anti-competitive behaviors, such as price-fixing or market manipulation. This ensures that consumers benefit from choices and fair prices. The authority investigates companies, reviews mergers, and imposes fines if violations are found, maintaining a level playing field for all businesses in the EU marketplace, thereby fostering economic growth and innovation.