PROMOTING COMPETITIVENESS BY FIGHTING AGAINST ABUSES OF A DOMINANT MARKET POSITION

Lucia Irinescu ()
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Lucia Irinescu: Alexandru Ioan Cuza University of Iasi

CES Working Papers, 2015, vol. 7(2A), issue 2a, 499-504

Abstract: Competition is a basic mechanism of the market economy involving supply and demand. The legislative framework of the European competition policy is provided by the Treaty on the Functioning of the European Union (TFEU)(Articles 101–109). Without an effective EU competition policy, the Single Market cannot reach its full potential. Competition policy is also crucial in allowing the EU to crack down on abuses of dominant position, cartels and concerted practices that harm consumers. To be in a dominant position is not itself illegal. A dominant company has a special responsibility to ensure that its conduct does not distort competition.

Keywords: competition; anti-competitive practices; antitrust policy (search for similar items in EconPapers)
JEL-codes: K21 L40 L44 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2015:v:7:i:2a:p:499-504

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