Which of the following is Article 102 of TFEU Treaty on the Functioning of the European Union concerned about?

Which of the following is Article 102 of TFEU Treaty on the Functioning of the European Union concerned about?

Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits abusive conduct by companies that have a dominant position on a particular market.

What penalty may the authority in EU impose on company that violates the competition rules?

The European Commission has the power to impose fines of up to 10% of an undertaking’s turnover in the last financial year for breach of EU competition rules prohibiting cartels and restrictive agreements (under Article 101(1) of the Treaty on the Functioning of the European Union (TFEU)).

How do you cite European Commission decisions?

Decisions of the European Commission in relation to competition law and mergers are to be treated as cases. Give the names of the parties (or the commonly used short name) in italics, the case number in brackets, the Commission Decision number (where available), and the OJ report.

What can the EU do against monopolies in the market?

European competition law is the competition law in use within the European Union. It promotes the maintenance of competition within the European Single Market by regulating anti-competitive conduct by companies to ensure that they do not create cartels and monopolies that would damage the interests of society.

Are monopolies illegal in the EU?

The recent Modernisation Regulation 1/2003 has meant that the European Commission no longer has a monopoly on enforcement, and that private parties may bring suits in national courts.

Are cartels anti-competitive?

There are certain forms of anti-competitive conduct that are known as cartel conduct. They include: price fixing, when competitors agree on a pricing structure rather than competing against each other. sharing markets, when competitors agree to divide a market so participants are sheltered from competition.

Where can I find European Court reports?

Publications. Case law of the Court of Justice and the General Court is published in the Reports of cases before the Court (of Justice and the Court of First Instance) (ECR). These so called European Court Reports can be found in the European Documentation Centre from 1988 – 2008 (incomplete) – Shelf mark: EDC-ts.

How do I cite the European Commission website?

Author Surname, Author Forename, ‘Title’, Publication Title, Publisher, City, Year Published. http://Website-Url.

Are monopolies illegal in Europe?

Is market dominance a good thing?

If a company has established market dominance, that suggests it is offering a product so good that the vast majority of shoppers prefer it to the competitors’ alternatives.

Is Disney a monopoly?

According to the letter of the law, Disney is an oligopoly, a state of limited competition in which a market is shared by a small number of producers or sellers. Disney seems like a monopoly because it’s the home of some of the most recognizable brands the world has seen.

Are there any monopolies in the UK?

Real-life examples of monopoly markets in the UK Most of the recognisable monopolies in the UK are connected to the technology industry and have been termed as the ‘big tech’ monopolies.

Do any monopolies exist today?

A monopoly that exists today is the United States Postal Service (USPS), which exclusively controls the delivery of mail in the U.S.

Are all cartels illegal?

Why are cartels illegal? The Competition and Consumer Act not only prohibits cartels under civil law, but makes it a criminal offence for businesses and individuals to participate in a cartel.