The E.U. Competition Policy.

What are the major elements of EU competition policy ?
Explain why all these elements are necessary for the effective operation of the Single Market?
The origins of EU competition policy date back from the 1990s when few member States had developed competition policies. Today the continuing reduction of trade barriers to achieve a Single European Market (SEM) has incited many firms to increase the competitive pressures. Within this new competitive environment firms may have two different behaviours. Indeed they can take advantage of the opportunities that the internal market offers to th…