Introduction
Competition is often seen as being a requirement for a healthy
economy. It allows for consumer choice and competitive pricing,
which in turn leads businesses to innovate and seek out ways to
attract customers.
Monopolies arise when one business controls a considerable
amount of the total market share in the industry in which they
operate, and this leads to a lowering in the levels of
competitiveness within that industry which can allow for these
entities to develop unfriendly practices towards their
consumers.
Governments around the world look to implement laws which
promote competition and prevent the rising of monopolies. Oman
established their Law on Protection of Competition and Prevention
of Monopoly (Royal Decree Number 67 of 2014), and they have
recently produced a few amendments.
