Article 102 of the Treaty on the Functioning of the European Union
Clause of European Union competition law / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about TFEU article 102?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
Article 102 of the Treaty on the Functioning of the European Union (TFEU) (formerly Article 82 of the Treaty establishing the European Community)[1] is aimed at preventing businesses in an industry from abusing their positions by colluding to fix prices or taking action to prevent new businesses from gaining a foothold in the industry. Its core role is the regulation of monopolies, which restrict competition in private industry and produce worse outcomes for consumers and society. It is the second key provision, after Article 101, in European Union (EU) competition law.
This article needs attention from an expert in European Union or Law. The specific problem is: Too technical and needs an expert to reduce the financial legal terms, heavy self-referencing of the articles and commission guidance, and narrowing of the scope for readability. (October 2022) |