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competition act

t be considered to hold a "collective dominant position" on the market and that their market behavior could then be controlled under the head of abuse.4. Limiting technical DevelopmentThe undertaking, which does not develop its technologies to better its product, will be considered to prejudice its customers. An investment in technology would influence product quality, service and output5.Tying agreementsAn underrating enjoying a dominant position may impose it as a condition in a contract, that it will only supply it's customers with a particular product, if customers buy another product manufactured by that undertaking, the latter having no relation whatsoever with the subject of the contract. Also a dominant undertaking may make use of what is known as "Full line Forcing" so as to have full control of the market."Perfect Competition" where the establishment of equilibrium between consumer demand and producer supply ensures maximum efficiency, is unattainable for many reasons. A more pragmatic attitude to the market has to be taken. This is reflected in the notion of "Workable Competition". This notion refers to the task of fashioning a market in which competition is induced and maintained but where crubs on its feasibility and desirability are acknowledged and allowed to impose pragmatic constraints on the purity of the vision of perfect competition....

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