Department for Business, Energy and Industrial Strategy written question – answered at on 27 January 2021.
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 15 January 2021 to Question 132902, whether it is his Department's policy that pricing strategies are a matter for businesses that are in a dominant position.
The Competition Act 1998 prohibits abuse of a dominant position – abusive behaviour can relate to pricing strategies, for example excessive pricing or setting artificially low prices to stifle competition.
The Competition and Markets Authority is responsible for investigating individual and market-wide competition issues in the UK. The Government has ensured that the CMA has significant powers to investigate and act if it finds that companies are behaving anti-competitively in a market.
Yes2 people think so
No0 people think not
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