Law 5110 Study Guide - Quiz Guide: Extraterritoriality, Directorate-General For Competition, Chiquita Brands International
Document Summary
Introduction fundamentals of competition law and relavent to constitution. Undertakings making agreements and thereby having an impact on the price. Undertakings merging and thereby becoming more powerful. Eu law instruments to tackle what instrument to use for what practice that distorts competition. Consolidated version = original document including track changes with amendments and corrections. Who and/ or what department within the european commission is responsible for eu. Overview of the reading: the idea of competition, benefits, economic principles, perfect competition, monopoly, oligopoly, effective competition, limitations. What is competition and why should we care about it: the legal foundations of eu competition law, goal: competitive markets, goal: market integration, sources, human rights, scope of application, extraterritoriality, v. national competition law. Effective competition = notion to use in order to assess which kind of competition we want. Sellers and buyers meet in the market place and create supply and demand.
