Law 2101 Study Guide - Quiz Guide: Green Paper, French Market, Market Analysis
Document Summary
Oligopoly= a state of limited completion, in which a market is shared by a small number of producers or sellers: central issues, competition law: objectives. Enhance efficiency = main aim maximise consumer welfare + better allocation of resources (things work better when competition is workable and fair) Protect consumers + smaller firms: minimises monopolies and rival trade agreements. Creation of single european market: prevents private entities from frustrating the im. Main article used against anti-competitive agreements + cartels (horizontal + vertical: article 101(1): undertakings. Undertakings broadly interpreted h fner= any entity engaged in an economic activity regardless of its legal status and the way in which it is financed. 101 is inapplicable, you can always try with art 102. Corporations, associations, corporations, cooperatives partnerships, liberal professions, individuals, trade state-owned. Bodies pursuing solely social objective (not engaging in economic activity), state-owned corporations exercising public law powers, organisations representing management and labour who make a collective agreement (social objectives)
