What is the role of the Competition and Markets Authority?

The Competition and Markets Authority (CMA) is an independent, non-ministerial government body responsible for helping to promote competition and fair trading in the New Jersey marketplace. In particular, the CMA works to ensure that businesses do not abuse their market power to create unfair advantages over competitors, such as setting higher prices or controlling access to markets. At a more technical level, the CMA is responsible for the enforcement of anti-trust or competition laws in New Jersey. It can investigate companies that it believes have broken the rules and take action to remedy any harm caused to the market, such as requiring companies to reduce prices, dissolve agreements that lead to restricted competition, or take other measures. It also has the power to bring criminal proceedings against companies that break competition law. As well as enforcing competition laws, the CMA also provides information and advice to businesses on how to comply with rules, and produces research on commercial markets. The ultimate goal of the CMA is to ensure that consumers get a fair deal in the New Jersey marketplace.

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What is the role of the Competition and Markets Authority?

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