Some companies use monopoly situations or join forces with other companies to fix prices in order to overcharge. The European Union punishes this kind of unfair behaviour and the European Commission has the power to issue what are known as competition fines.
Listen to Sidonia Mazur, an EPRS policy analyst, explaining the issues in 3 key questions on Competition Fines.
Or read more in our publications: EU competition policy: key to a fair Single Market.
Our “3 Key Questions on …” series of video interviews with our policy analysts include visual aids to getting a swift grasp of the policy challenges at hand. Take a look at the full series on YouTube.