Monopoly is a situation in which a market is only one company that provides a product and / or service to all consumers. In other words, this company is in control of the entire market, and that is why the company is called the monopoly. The market authorization is called a monopoly, a monopolist company and a monopoly situation. In this case, the company can impose prices as often as it likes because there are no other companies to compete in this market. All companies seek to reach this stage in order to control the product and its price and thus to increase its profits.
In Oman, monopoly is dealt with by Royal Decree No.2018/2 protecting competition and preventing monopoly.
Overall Objective of this study:
The overall objective of this study is to examine the to achieve a number of goals. The main objective of this study is to look at the legal protection against monopoly under Omani law. Furthermore, this study will examine means of protection against monopoly and preventive methods against monopoly. Finally, this study is to look at the penalty of monopoly in Omani law.
Questions of the study:
This study will attempt to answer a number of questions, such as:
1-What is the concept of monopoly in Omani law?
2-What are the effects of monopoly practice on society?
3-What is the role of law against monopoly?
4-What are the penalties against monopoly in Omani law?
The methodology of study:
In this study, both analytical and clarification will be used. First of all, will attempt to analyze examine the concept of monopoly under Royal Decree No.2018/2 and the effects of monopoly practice on society, and also the role of law against monopoly and the penalties imposed against monopoly under Omani law.
*** Words count = 1900 Words.
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