Which Chapter of the Competition Act 1998 addresses anti-competitive agreements?

The correct choice refers to Chapter 1 of the Competition Act 1998, which specifically addresses anti-competitive agreements. This chapter outlines what constitutes anti-competitive behavior, including practices such as price-fixing, market-sharing, and other arrangements between businesses that may prevent, restrict, or distort competition within a market.

The focus of Chapter 1 is to promote a fair competitive environment by prohibiting agreements that undermine market efficiency and consumer welfare. It emphasizes the need for businesses to operate independently rather than collaborating in ways that could lead to higher prices for consumers or reduced availability of products and services.

Understanding this chapter is vital for companies operating in a competitive market, as it outlines the legal boundaries within which they must operate to ensure compliance with competition law and avoid potential penalties. This foundational aspect of competition policy is essential for fostering innovation and ensuring that consumers benefit from a variety of choices and fair pricing in the marketplace.