European Competition Law

European Competition Law is a set of rules designed to promote fair competition within the European Union. It aims to prevent anti-competitive practices, such as monopolies and cartels, ensuring that businesses compete fairly and do not manipulate markets to the detriment of consumers. The law prohibits practices that restrict free trade or distort competition, and it empowers the European Commission to investigate and enforce these regulations. Ultimately, it seeks to protect consumer choice, foster innovation, and enhance overall economic efficiency in the EU marketplace.