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
Market at the next stage of the production/distribution chain, for example, the distribution and sale of motor vehicles would be a downstream market in relation to the production of motor vehicles. Source: Glossary of terms used in EU competition policy, Antitrust and...
