European Union Competition Law

European Union Competition Law aims to ensure fair competition within the EU's single market. It prevents businesses from engaging in anti-competitive practices like collusion, abuse of dominant positions, or forming illegal cartels, which can harm consumers and restrict market innovation. The law also regulates mergers and acquisitions to avoid excessive market concentration. Enforcement is carried out by the European Commission and national authorities, promoting open competition that benefits consumers through better choices, prices, and innovation.