Economics A-Level
Competition policy
What Competition policy means in Economics A-Level, as defined for AQA.
Definition of Competition policy
Check what you remember
Read the wording for your board, then hide it and explain Competition policy in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Aims to promote market efficiency, protect consumers, and prevent the abuse of monopoly power.
Topics that use Competition policy
- Competition policy (AQA A-Level)
Related terms
- Consumer welfare
- Economic modelling
- Firm behaviour
- Government failure
- Market efficiency
- Monopoly power
- Real-world application
- Regulation
Using Competition policy in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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