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Article 1] This Act, by prohibiting private monopolization, unreasonable restraint of trade and unfair trade practices, by preventing excessive concentration of economic power and by eliminating unreasonable restraint on production, sale, price, technology and the like, and all other unjust restriction of business ...

Answer:

Competition policy promotes market competition by regulating anti-competitive behavior undertaken by firms. The fundamental reason for competition policy is to allow the smooth functioning of the free market and the price mechanism, thus maximizing economic welfare.

Explanation:

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