COMM 394 Chapter Notes - Chapter 7: Market Power, Price Fixing, Canadian Business
Document Summary
Macroeconomic performance of canada: refers to 3 main components: inflation, unemployment, per capital gnp/gdp: note the differences per provinces. Role of government: federal deficit/surplus (reached surplus before 2008), introduction of social programs. Firms and industrial structure: decreasing primary and secondary, increasing tertiary; variations of industry by region (primary in west, secondary in on and qb, tertiary throughout) Market structure: the degree and type of competitiveness in a particular industry via concentration ratio. Canada in the world economy: canada"s biggest exporter is us; international environ also very important for canada. Canadian competition policy focuses on four major areas: Brief history of competition policy see textbook. Objectives of competition policy: reduce the inefficiencies associated with market power and anti-competitive practices; fairness/equity considerations. Anti-competitive practices: collusion, anti-competitive mergers, abuse of market power, deceptive marketing practices. Some parts are part of criminal and others civil law; some are per se offences (carrying out the practice is illegal regardless of consequences ie. price fixing)
