1. The Role of EU Law
... ;Competition law has 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 ... Policy. Some of these objectives are achieving fairness in the market, protecting the consumer and penalising unlawful state subsidies.14 The proof that Competition law is connected w...
- Word Count: 1960
- Approx Pages: 8
- Has Bibliography
- Grade Level: Undergraduate