The meaning and existence of restricted competition
This chapter explains the meaning of restricted competition and the reason for its existence. Also, this chapter is concerned with the main problem of what is meant by a restriction of competition. Restriction of competition is a jurisdictional rather than substantive requirement. This view is regarded as reflecting past practices, but not those to be used in the future. Moreover, this is asserted whenever a purchaser loses an element of the freedom over what to do with goods or services. This shows that competition law aims to protect and promote certain freedoms. However, allocative efficiency is said to be the effect of restricting competition. This effect of restricting competition is determined by the scope and content of the most intensive intervention centres in cases involving collusion legally presumed to have resulted in allocative inefficiency.
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