Fair Competition

Principles of fair competition

Competition Protection law:

The set of laws and regulations aimed at bolstering a free market economy and preventing monopoly practices

Monopoly practices:

The ability of a single individual or a group of individuals to control a market to purchase a good or service, granting him the power to manipulate prices and exclude competitors.

The relevant market:

A relevant market is a market in which a particular product or service is sold. It is the intersection of a relevant product market and a relevant geographic market.

The relevant product

The relevant product depends on the possibility for consumers to buy substitute goods and the ability for other firms to supply those products.

Geographic Market

The geographic market is the area in which the firms are involved in the supply of products or services and in which the conditions of competition are sufficiently homogeneous.