What are the key objectives of the UK's competition law?

The key objectives of the UK's competition law fundamentally focus on promoting competition and preventing anti-competitive behavior. This framework is essential because a competitive market is believed to benefit consumers through better prices, improved products and services, and more choices.

Competition law aims to create a level playing field for businesses, ensuring that no single entity can dominate the market to the detriment of consumers and other businesses. By preventing practices such as price-fixing, market sharing, and abuse of market power, competition law fosters innovation and encourages new entrants into the marketplace.

Promoting competition not only protects consumers but also supports the overall health of the economy by encouraging efficiency and growth across various sectors. This is why the correct answer aligns with the foundational principles of competition law in the UK.