What is covered under Chapter 1 of the Competition Act 1998?

Chapter 1 of the Competition Act 1998 specifically addresses anti-competitive agreements. This section of the Act focuses on agreements between businesses that prevent, restrict, or distort competition within the UK market. It targets practices such as price-fixing, market sharing, and collusion, which can harm consumer interests by reducing choice and increasing prices.

The underlying principle of this chapter is to promote fair competition for the benefit of consumers and to ensure that businesses operate within a framework that discourages anti-competitive behavior. The provision aims to create a level playing field for all market participants, facilitating better prices and services.

In contrast, the other options pertain to different areas of competition law and are not the primary focus of Chapter 1. For instance, abuse of dominant positions falls under Chapter 2 of the Competition Act, addressing cases where a single firm holds substantial market power and engages in practices that hinder competition. Market share regulations and product safety standards, while important, are not elements covered under this chapter. Therefore, the emphasis on anti-competitive agreements in Chapter 1 is essential for maintaining competitive markets in the UK.