This document provides information about a course on business environment at the Institute - University School of Business. It discusses the MRTP Act, including its objectives before and after amendment in 1991. The key points covered are: - The MRTP Act was designed to prevent concentration of economic power and regulate monopolies and restrictive/unfair trade practices. - Monopolistic practices refer to abuse of market power to charge high prices. Restrictive practices harm competition. - The act regulates these practices by prohibiting anti-competitive actions and setting product standards. Agreements involving unfair practices are made void or modified. - Assessment includes tests, assignments, quizzes, and class participation, with the maximum marks being