Price Control
Price Control
The traders determine the price of goods by concern. The main purpose behind price control is to eliminate competition and maintain the upward trends of prices. Under the MRTP Act, the MRTP Commission has been empowered to deal with price-fixing in concern the efforts which have done by monopolistic trade practices for price control are:-
- Maintaining increasing unreasonably the cost of production of any goods
- Maintaining charges for the maintenance of any services
Preventing competition in the production, supply, or distribution of any goods or in the provision or maintenance of any services by the adoption of unfair methods or unfair practices
