Unfair competition Ling Pre-MBA Brant Williams September 23‚ 2012 In this society‚ the development of economic is rapid. So competition becomes inevitable. It plays a regulatory function in balancing demand and supply. In this case‚ unfair competition arises at the historic moment. Unfair competition means unjust and often illegal attempt to gain unfair competitive advantage through false‚ fraudulent‚ or unethical commercial conduct. Examples include below-cost
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Perfect Competition‚ Monopoly‚ Monopolistic Competition and Oligopoly Introduction Market can be defined as an area where buyers and sellers meet and come in contact with each other by any means of communication in order to get information‚ exchange of various goods and services and are interested to do business. From this definition we may be traced out following four essentials which market has: 1. The existence of good which is dealt with. 2. The existence of buyer and seller. 3. The existence
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Competition act case MONDAY‚ 13 SEPTEMBER 2010 CCI v SAIL: Supreme Court Gets it Right! In a telling judgement‚ the Supreme Court of India‚ on Sep. 9‚ 2010‚ has effectively and judiciously circumscribed the boundaries of exercise of power by both the Competition Commission of India (CCI/Commission) and the Competition Appellate Tribunal (“the Tribunal”) while delivering its verdict in the much awaited case Competition Commission of India v. Steel Authority of India Ltd. This Note captures the highlights
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(Porter‚ 1998‚ p.45). The airline industry is very competitive and Michael Porter’s five-forces model can be used to analyse the intensity of the competition and the profitability of this industry. Porter’s five forces model is a business unit strategy tool which is used to make an analysis of the value of an industry structure (Hubbard‚ 2004‚ pg 35). The analysis is made by the identification of 5 fundamental competitive forces. These include: Threat of new entrants is high One of the forces identified
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An Analysis of “Competition in the Golf Industry” It is unknown when the game of golf originated‚ but it is believed that people began playing in Europe during the middle ages. In the United States‚ golf was a sport primarily played by the wealthy individuals until tournaments began being televised. Since then‚ golf has grown to be a very lucrative industry with over 27 million golfers nationwide by the end of the 1990’s. “Competition in the Golf Equipment Industry‚” a case study written by John
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Table of Contents Introduction of Competition………………………………………………………………………2 Economic Phases in India…………………………………………………………………………4 The Competition Act‚ 2002……………………………………………………………………….8 Anti – Competition Agreements (Section 3)…………………………………………….10 Abuse of Dominance (Section 4)………………………………………………………...11 Regulations of Combinations (Section 6)………………………………………………..13 Competition Advocacy (Section 49)…………………………………………………….16 Competition Commission of India………………………………………………………………18
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Eleven monopolistic competition and oligopoly CHAPTER OVERVIEW Pure competition and pure monopoly are the exceptions‚ not the rule‚ in the U.S. economy. In this chapter‚ the two market structures that fall between the extremes are discussed. Monopolistic competition contains a considerable amount of competition mixed with a small dose of monopoly power. Oligopoly‚ in contrast‚ implies a blend of greater monopoly power and less competition. First‚ monopolistic competition is defined‚ listing
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Competition is something that everyone has in his or her life. When you are young and still studying in school‚ you would compete with your classmates for better grades‚ when you get older and go to work‚ you would compete with your colleagues so as to please the boss more with your work and get a promotion to a higher position with better salary. Companies compete with each other to get more customers and slowly expand their business. Countries compete with each other for a better economy. Even
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There are many different types of social interaction but competition is a main one that is very present in societies today. Competition is the act of competing against someone or something when a resource or action is needed and there is a low supply of it. Competition is not only found between two or more people but also in a variety of other areas in society. Unbroken‚ a novel written by Laura Hilenbaug‚ talks about various aspects of competition in society. She talks about the struggles of a solider
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Competition in Healthcare Melissa Aranda HCA/421 Professor Denton September 17‚ 2012 In all industries‚ competition among businesses has long been encouraged as a mechanism to increase value for patients. In other words‚ competition ensures the provision of better products and services to satisfy the needs of customers (Glover & Rivers‚ 2009). In the health care industry‚ competition has an impact on many relational perspectives. There have been several studies examining the relationships
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