It's so complicated!!!! I dont want to do it~

As I promised Chris, I will do the blog today,,,,it's so time consuming~~~~
(a)competition and supermarkets
"OFT cracks down on cartels"
Under its 'rip-off Britain' campaign, the UK government has already launched two major investigations into suspected anti-competitive price-fixing - into supermarket prices. The big five supermarket chains were cleared by the Competition Commission of making excessive profits but ordered to adopt a new code of practice for dealing with suppliers.

Supermarkets are placing "considerable stress" on British farmers through "invisible and pernicious practices", a Church of England report has said. Farmers seem to be unwilling to complain or to expose these practices for fear that their produce may be boycotted by the major retailers.

Against price 'fixing'
The supermarkets however have taken on the mantle of consumer champions. They argue that they should be free to give discounts on designers goods to customers who would otherwise be unable to afford them.
They say that in a competitve market designers should not be allowed to impose what is effectively 'price fixing'.
The supermarkets also maintain that requests to buy goods through official channels have fallen on deaf ears.

(b)Competition policy
The aim of this policy is promote compotition!!!!!!!
It ensures 1.wider consumer choice
2.Technological innovation
3. price competition
4.Investigate allegation of anti competive behaviour.

Methods of CP
1.Merger control
2.Market libralisation
3.Anti trust and Cartel
4.State aid and control
(details are on my notes)


THAT'S IT~~~~~~~~~^-^