CHAPTER 8

For me, the consumer will benefit more from it. The stated law aims to protect consumers from
dishonest sellers. A higher level of consumer satisfaction may result from this law. Because there will be
ideal competition on the part of the vendors, the buyer can have the same level of satisfaction for less
money. This law can help consumers feel more confident and less hesitant while making purchases. The
customer will have rights thanks to this law. Abusive merchants are no longer able to charge a high price
for their goods. If the abovementioned law, which provides consumer protection, is not followed, all
abusive vendors will also face fines. High-priced goods will now decrease since there will be perfect
competition between two or more sellers. This can also diminish the dominance of a bigger firm that
abuses its market position. This bill is pursued to prevent the concentration of economic power in some
other people who threaten to control production, distribution, etc. Senator Villar passed the
Competition Act 2011 or the Bill Act of 3098 which seeks to protect consumers against unfair trade
practices. Discouraging the emergence of Monopolies and Cartels. It would put an end to monopolies
and cartels and make available quality goods and services at reasonable prices.