by 21st Century Competition | May 7, 2014
A firm is in a dominant position if it has the ability to behave inde- pendently of its competitors, customers, suppliers and, ultimately, the final consumer. A dominant firm holding such market power would have the ability to set prices above the competitive level,...
by 21st Century Competition | May 7, 2014
Decision by a firm to sell part of its current operations, divisions or subsidiaries as a result of business restructuring in order to concentrate on certain products or markets. Under EC competition law, divestiture may also be offered by firms as a commitment...
by 21st Century Competition | May 7, 2014
The Commission, as a collegiate body, delegates certain decision- making powers to its individual commissioners (empowerment procedure) or to directors-general (delegation procedure). A delega- tion of powers allows management, administrative, procedural and routine...
by 21st Century Competition | May 7, 2014
Communication from the Commission clarifying under what condi- tions the impact of an agreement or practice on competition within the common market can, in its view, be considered to be non-appre- ciable, namely where the aggregate market share of the undertakings...
by 21st Century Competition | May 7, 2014
A group of independent companies working together for the fulfil- ment of a specific project. Consortia are frequent, for example, in the construction industry where large projects (buildings, motorways) require close cooperation between engineering, planning and...
