by 21st Century Competition | May 9, 2014
A concentration is the legal combination of two or more undertakings, by merger or acquisition. While such operations may have a positive impact on the market, they may also appreciably restrict competition, by creating or strengthening a dominant player. In order to...
by 21st Century Competition | May 8, 2014
Market situation with a single supplier (monopolist) who — due to the absence of competition — holds an extreme form of market power. It is tantamount to the existence of a dominant position. Under monopoly, output is normally lower and price higher than under...
by 21st Century Competition | May 8, 2014
The merger control procedure under EC law is laid down in the merger regulation, and in the implementing regulation. The merger regulation confers on the Commission the sole authority to assess concentrations with a Community dimension. Concentrations, which meet the...
by 21st Century Competition | May 8, 2014
Measure for the relative size of a firm in an industry or market, in terms of the proportion of total output, sales or capacity it accounts for. In addition to profits, one of the frequently cited business objec- tives of firms is to increase market share. This is...
by 21st Century Competition | May 8, 2014
Strength of a firm in a particular market. In basic economic terms, market power is the ability of firms to price above marginal cost and for this to be profitable. In competition analysis, market power is determined with the help of a structural analysis of the...
