What antitrust laws are specific to the EU?

The European Union (EU) is an economic and political union of 28 member states that have specific antitrust laws in place to ensure fair competition among businesses and protect consumers from unfair practices. These antitrust laws are designed to stop companies from engaging in activities that could limit competition and lead to higher prices and less choice for consumers. Under the terms of the Treaty of Rome, the EU established four core antitrust laws that all member states must abide by: the prohibition of cartels and other restrictive agreements, the control of anti-competitive concentrations, the control of anti-competitive conduct, and the control of state aid. The European Commission is responsible for enforcing the antitrust laws, and has the power to investigate companies, impose fines, and carry out other measures to ensure compliance. The European Commission also has the authority to review and challenge proposed mergers between companies if it believes that the resulting company would have a dominant market position. It can also investigate and take action against companies in the event of anti-competitive practices such as price fixing or the abuse of dominant market positions. The EU also has certain antitrust laws specific to certain industries such as energy and banking. For example, the EU has introduced price caps and regulation of trading practices in the banking sector, as well as laws to ensure the energy market remains competitive and consumer protection is provided. Overall, antitrust laws are essential for ensuring fair competition in the EU and protecting consumers from unfair practices. These laws are enforced by the European Commission and backed by EU member states.

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What antitrust laws are specific to the EU?

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