Law 5110 Study Guide - Quiz Guide: Oligopoly, Effective Competition, Market Power
Document Summary
A merger occurs when two previously independent undertakings become on: mergers result in changes to market structures, merger could be a strategy for controlling the market. 3 types of mergers: horizontal same level of production chain, reduction of competitors in market. Coordinated effect (oligopoly interest in not competing against each other: vertical different level of production chain. ~ no direct loss of competition in market. What does foreclosure mean: conglomerate not in same market and not vertically related. First merger control regulation in force in 1990 (mcr: first amended in 1997, subsequent amendments in 2004 (council regulation (ec) ~ where the combined aggregate worldwide turnover of all undertakings concerned is more than 5. 000million. ~ the aggregate community (union) wide turnover of each of at least two of the undertakings concerned is more than 250 million. ~ unless each of the undertakings concerned achieves more than 2/3 of its aggregate. Community-wide (union-wide) turnover in one and the same ms.
