Distinguish between competition law and competition policy. What are the components of competition policy? How intellectual property law interacts and affects the competition policy

Competition law and competition policy are two closely related but distinct concepts within the realm of economics and law. While both aim to promote fair competition and prevent anti-competitive behavior, they differ in scope and implementation. Additionally, the interaction between intellectual property law and competition policy adds another layer of complexity to the regulatory landscape.

1. Competition Law vs. Competition Policy:

   - Competition Law: Competition law, also known as antitrust law in some jurisdictions, comprises a set of legal rules and regulations designed to maintain competitive markets by prohibiting anti-competitive practices. These practices may include agreements between competitors to fix prices, allocate markets, or restrict output, as well as abuse of dominant market positions by firms. The primary focus of competition law is on enforcement and adjudication of anti-competitive conduct through __________ ___ _______ ________ ________ _________ ____ ______.
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