Answer:
1) The Philippine Competition Act establishes antitrust laws in the country to protect consumers from monopolies, inflated prices, and other predatory practices.
2) Text you copy will automatically show here The Philippine government adopted RA 7394 (Consumer Act of the Philippines of 1991) as the legal basis for consumer protection in the country. The law embodies the state policy on the protection of consumers and establishes standards of conduct for business and industry in the country.