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7 Cards in this Set

  • Front
  • Back
What is the structure of competition policy?
700 people, DG competition, independent from EP
What does Anti-trust promise?
Guarenteessuppliers are independent of one another, subject to competitive pressure exerted by others
What are the two rules of anti-trust?
Art 81: Agreements which restrict competition are outlawed (price-fixing and alliances)
Art 82: firms in a dominant position may not abuse that position (predatory pricing)
Are mergers blocked?
rarely; criticisms from US
WHat does LIberalization guarantee?
competition in internal market not distorted
what does Art 86(3) do?
entrusts commission with special surveillance duty; deregulation of monopolies
What is prohibited abotu state aid?
generally everything; government intervention should not distort competition and intra-community trade