Posts by Mark Cooper
2 posts • joined Wednesday 9th May 2007 19:22 GMT
Import costs
For those who have ordered the phone from the US - how much did you have to pay in total?
Abuse of a dominant market position
According to the OFT website, it is prohibited for a monoply to charge excessively high prices:
Abuse of a dominant market position
Chapter II of Competition Act 1998 and Article 82 prohibit a business which holds a dominant position in a market from abusing that position.
A dominant position in a market essentially means that a business is generally able to behave independently of competitive pressures, such as other competitors, in that market.
Conduct which may be considered an abuse by a business in a dominant position includes:
charging excessively high prices
Source:
http://www.oft.gov.uk/advice_and_resources/resource_base/legal/competition-act-1998/prohibitions
