What is one of the key responsibilities of the Competition and Markets Authority (CMA)?

One of the key responsibilities of the Competition and Markets Authority (CMA) is to investigate mergers that could restrict competition. This function is crucial because mergers can significantly impact market dynamics, potentially leading to monopolistic behaviors that harm consumers by reducing choices and increasing prices. The CMA conducts thorough assessments of proposed mergers to determine if they would result in a substantial lessening of competition within the relevant markets. If a merger is found to adversely affect competition, the CMA has the authority to block it or impose remedial actions to ensure a competitive landscape is maintained. This role underscores the CMA's commitment to fostering fair competition, which ultimately benefits consumers and the economy as a whole.