Feeds

* Posts by Mark Cooper

2 posts • joined 9 May 2007

Google Nexus One caught on camera

Mark Cooper

Import costs

For those who have ordered the phone from the US - how much did you have to pay in total?

0
0

Downing Street rejects Vista petition

Mark Cooper

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

0
0