Mentors Comments: 1. mention why competition act came in the first place 2. how is it able to change with times and its limitations 3. what ways would you suggest to ensure fair competition Answer: Competition policy in India is governed by the Competition Act of 2002. The main motive of the act was to … Continue reading The Competition Act of 2002 is inadequate to deal with abuses of monopoly power in a changing business environment. Comment. (250 Words)