What is the role of the Competition and Markets Authority?

The Competition and Markets Authority (CMA) is a public body responsible for enforcing competition and consumer protection law in the United Kingdom. It has a role in ensuring that businesses in the UK behave competitively and do not act anti-competitively. This means that it exists to prevent or stop firms from colluding, abusing their market power, or from creating a market that is uncompetitive. In terms of Commercial Law in New Hampshire, the Competition and Markets Authority also works to ensure that consumers are not being taken advantage of. This includes making sure that businesses are not taking part in false advertising, or monopolistic practices. The main duty of the Competition and Markets Authority is to ensure that competition is taking place on a level playing field in the UK. This includes prohibiting businesses from forming cartels, setting prices artificially high, or engaging in other forms of collusive practices. The CMA also ensures that companies do not have too much control over certain markets which would give them an unfair advantage over their competitors. The Competition and Markets Authority works with other public bodies such as the Office of Fair Trading, and the Advertising Standards Authority to protect consumers and promote competition in the market. The CMA also works with private companies to educate them on their legal obligations when it comes to competition and consumer protection law. Furthermore, the CMA allows consumers to report issues with businesses to help protect their rights.

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What is the role of the Competition and Markets Authority?

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