Competition Authority
/ˌkɒmpəˈtɪʃən ɔːˈθɒrɪti/
Definitions
- (n.) A government or independent agency responsible for enforcing competition law to promote market fairness and prevent monopolistic practices.
The competition authority launched an investigation into the merger to ensure it would not harm consumer interests.
Forms
- competition authority
- competition authorities
Related terms
See also
Commentary
The term typically refers to statutory bodies empowered to regulate and enforce competition rules; terminology and powers may vary by jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.