European Union antitrust law

European Union antitrust law aims to promote competition and prevent unfair business practices that could harm consumers or the market. It prohibits companies from colluding to fix prices, dividing markets, or abusing dominant positions to exclude competitors. The law also scrutinizes mergers and acquisitions that might reduce competition. The goal is to ensure a level playing field, encouraging innovation, fair prices, and choice for consumers across the EU. Regulatory authorities, like the European Commission, enforce these laws and can impose fines or other remedies on companies that violate them.