Law · Commercial Law
What is the primary objective of the Competition Act, 2002?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To prohibit all types of mergers, acquisitions, and business combinations in India
- 2To protect dominant enterprises from the entry of new competitors in the Indian market
- 3To establish technical standards that restrict the entry of alternative technologies
- 4To promote and sustain competition in the market, ensuring efficiency, consumer welfare, and freedom of trade✓
Correct answer
To promote and sustain competition in the market, ensuring efficiency, consumer welfare, and freedom of trade
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