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? 

The Competition Act, 2002 is a law in India that aims to promote fair competition and prevent anti-competitive practices. Two key provisions of the Act are those related to anti-competitive agreements and abuse of dominant position.

Anti-competitive agreements are those that are entered into between two or more parties with the intention of limiting or restricting competition in the market. Such agreements can take many forms, including price-fixing, bid-rigging, market sharing, and collusion. The Competition Act, 2002 prohibits such agreements and provides for penalties and fines for those found to be engaged in anti-competitive practices.

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