Under the chairmanship of Michael Grylls, this one day inquiry discussed and analysed competition policy.
Competition policy dictates the framework of the competition laws which try to ensure free markets. These laws aim to prohibit unfair trading practices, control monopolies and restrain mergers, which might create monopolies. What came out of the Inquiry was the differing attitudes to competition policy of the various European Countries, the USA and the European commission. With the arrival of the European single market in 1992, the subject has become particularly topical. This easy-to-read and critical primer provides the first introduction to a complex subject.