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Article 101 (1) TFEU is used to assess whether an agreement that is capable of affecting trade between European Union countries has an anti-competitive object or actual or potential restrictive effects on competition.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.What are restrictive effects on competition under Article 101(1) TFEU?
For there to be restrictive effects on competition under Article 101 (1) TFEU, the agreement must have, or be likely to have, an appreciable adverse impact on at least one of the parameters of competition on the market, such as price, output, product quality and variety, or innovation.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. The term "undertaking" is a Eurospeak word for any person (s) or firms in an enterprise, and is used to describe those "engaged in an economic activity".