Meaning of “competition law” in the English Dictionary

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"competition law" in Business English

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competition lawnoun [ U ]

uk us

LAW the laws that are intended to make sure that there is fair competition between businesses, for example by making rules to control monopolies:

In the debate on the enforcement of competition law, many take the view that Europe should not fall into the trap of excessive litigation.

(Definition of “competition law” from the Cambridge Business English Dictionary © Cambridge University Press)