The central economic justification for competition law is that the protection of competition promotes welfare. In particular, perfect competition among firms catering to consumer demand for goods and services maximizes social welfare by generating both allocative and productive efficiencies....

Under the regime of Regulation 1/2003 on the implementation of the rules of competition laid down in Articles 101 and 102 TFEU undertakings are obliged to take care by themselves of their compliance with the competition rules. For practical purposes this is also true when it comes to the rules...

Rural markets comprises of a major market in India. About 70% of the population stay in villages/rural areas and are consumers of various products and services. With growing technological know-how and communication channels the flow of goods and services from urban to rural areas have...