Competition law, at both the EC and UK levels, plays an important and ever-increasing role in regulating the conduct of businesses. Competition law can affect business contracts, take-overs and mergers, co-ordinated actions, pricing behaviour and state subsidies. Businesses now require graduates to be aware of the significance and effect of the provisions of EC and UK competition law. The basic tenets of competition law have proved difficult to understand, learn and apply with confidence. This book seeks to remedy this by providing a clear guide and outline of the general policies behind, and the main provisions of, Community and UK competition law.