1. The Role of EU Law
... always played an important part in EU law and the use of economic terms, such as monopoly, perfect competition and market shares has proven its close connection with economics. Competition law primary objective is to enhance efficiency, in the sense of maximizing consumer welfare and achieving the optimal allocation of resources.'5 'The framers of the original Treaty concerning Competition policy recognised that unfettered market forces ... can lead directly to anti-competitive practises that might have deleterious impact on market efficiency ... ...
- Word Count: 1960
- Approx Pages: 8
- Has Bibliography
- Grade Level: Undergraduate