Keyword Analysis & Research: article 101 tfeu essay


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What is Article 101(1) of the TFEU?

Article 101 (1) of the TFEU prohibits agreements and concerted practices between undertakings (or associations) which (i) may affect trade between Member States, and (ii) prevent, restrict or distort competition within the internal market either by object or effect.

Why was Article 101 introduced?

Article 101 of the Treaty on the Functioning of the European Union (TFEU) prohibits any agreements or cartels between Member States that could disrupt free competition within the internal market.

Why does TFEU article 101 prohibit competition?

However, in order to explore the reasons for prohibitions in TFEU Article 101 in a more efficient manner the need for competition should be analysed in greater detail. Motta (2004) informs that competition is needed because it promotes three following things: efficiency, low prices, and innovations.

Does Article 101 TFEU ban cartels?

Article 101 TFEU does not specifically ban cartels, instead declaring as illegal all "agreements, decisions and concerted practices" which are anti-competitive and which distort the single market.


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