Editing Price gouging (section)

=== United Kingdom ===
Laws and regulations in the United Kingdom do not use the phrase "price gouging" in consumer protection regulation but are similar to U.S. laws.{{Citation needed|date=August 2024}} Chapter II of the UK [[Competition Act 1998]] prohibits businesses with market dominance from engaging in "abusive" conduct, including "unfair" pricing.<ref>{{Cite web|title=Competition Act 1998|url=https://www.legislation.gov.uk/ukpga/1998/41/part/I/chapter/II}}</ref> Market dominance is considered when a business has greater than 40% of the market share within their respective industry. In the case of a violation of Chapter II, a business can be forced to pay up to 10% of global revenues.<ref>{{Cite web |last1=Murphy |first1=Frances |last2=Lewis |first2=Morgan |date=July 2, 2020 |title=COVID-19: UK Antitrust Authority Launches Investigation Into Suspected Excessive Pricing for Hand Sanitisers, and Warns of Further Investigations Against Pharmacies |url=https://www.jdsupra.com/legalnews/covid-19-uk-antitrust-authority-89097/ |access-date=2021-04-19 |website=JD Supra |language=en}}</ref>