Thursday 25 January 2018

Fairness and competition | European Commission

Fairness and competition | European Commission: "The Code of Hammurabi sets out to make sure the market works fairly by regulating the prices for things like hiring a ferryboat. Those regulations, of course, could produce mixed results. But today, we have a more refined answer to that question of how to make markets fair – an answer that includes the competition rules.

Because we know that competition gives consumers the power to demand a fair deal. To shop around to find a better price, or a wider choice of products. To seek out better quality, whatever that means to them – whether it's a more reliable car, or a social network that protects their private data better." 'via Blog this'

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