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Encyclopedia > Monopolies and Mergers Commission

The Competition Commission (formerly the Monopolies and Mergers Commission) is an organisation that is financed by the government that investigates proposed monopolies or mergers and checks if they are in the public interest. If it is found not to be in the public interest, then the Competition Commission will report to the office of Fair Trading who will take action. An example of the Commission's activities include when B&Q decided to discount their products, Black & Decker withdrew distribution from their stores, the Monopolies and Mergers Commission/Office of Fair Trading forced them to re supply the B&Q stores as this was a restrictive practice.


  Results from FactBites:
 
Monopolies and Mergers Commission - Search Results - MSN Encarta (113 words)
Monopolies and Mergers Commission, agency in Britain charged with investigating and reporting on monopolies and monopolistic conditions in business....
Mergers are often accomplished to revive failing businesses, to reduce competition, or to diversify production.
Efforts to organize an industry in order to achieve practical monopoly control take different forms.
Monopolies and Mergers (1866 words)
In the United Kingdom, policy towards monopolies and mergers is enforced by the Competition Commission (CC) – formerly (up to 1999) the Monopolies and Mergers Commission (MMC).
The CC was first established (as the Monopolies and Restrictive Practices Commission) in 1948, but its present responsibilities are set out in the 1973 and 1998 Competition Acts.
If a merger has been completed and is found to operate against the public interest, an order may provide for the division of a company by the sale of some of its assets.
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