Price Regulation

Price regulation in competition policy refers to government measures that control the prices charged by businesses, especially in essential services or monopolistic markets. The aim is to prevent companies from overcharging consumers, ensuring affordable access to goods and services. Regulators set price limits or guidelines to promote fair competition while balancing the need for companies to cover their costs and make a profit. By keeping prices in check, price regulation helps protect consumers' interests and fosters a more competitive marketplace.