Discuss ‘anti-Competitive agreements’ and ‘abuse of dominant position’ in the context of the Competition Act, 2002. What can the Competition Commission do if it finds abuse of dominant position taking place? 

Anti-Competitive agreements are agreements that are made by two or more companies competing in the same market to fix prices or reduce stocks etc, so as to manipulate the market favourably for them. This has the effect of the companies reducing the competition in the market which adversely affects the end consumer.  

The Competition Act, 2002 defines anti-competitive agreements as such in section 3 where it states, “No enterprise or association of enterprises or individuals or association of individuals may enter into an agreement regarding production, supply, distribution, storage, acquisition or control of goods or provision of services which may adversely affect the competition in the Indian market”.      

Such agreements are termed as AAEC agreement, which means the Appreciable Adverse Effect on Competition agreements. The Act expressly states __________ ________ ________ ____ __________ _________ _________ ___ ______ ______ ____ _________.
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