4.4.1. The role of the competition commission is to investigate and prevent anti-competitive practices, such as mergers that would reduce competition in the market.

Here are the answers to your questions:

4.4.1. The role of the competition commission is to investigate and prevent anti-competitive practices, such as mergers that would reduce competition in the market.

4.4.2. The competition commission makes its recommendations to the government or the relevant regulatory authority for a final decision on the proposed acquisition.

4.4.3. A merger in economics refers to the combination of two or more separate companies into a single new company.

4.4.4. The objective of a competition policy is to promote fair competition in markets, prevent the formation of monopolies, and ultimately protect consumer welfare by ensuring lower prices, higher quality, and greater choice.

4.4.5. Competition in the market is good for the economy because it leads to:

• Lower prices for consumers due to firms competing for market share.
• Higher quality goods and services as firms strive to differentiate themselves.
• Increased innovation as companies develop new products and processes to gain an edge.
• Greater efficiency among firms, leading to better resource allocation.