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This acclaimed work provides an overview of economic theory and analysis as it applies to European competition law, an area of steadily increasing importance as regulatory authorities have moved to adopt more economics-based concepts when deciding what constitutes non-competitive behaviour.
It helps the practitioner address questions such as: what is meant by competition? What economic benefits is competition supposed to produce? What is meant by ""effective"" competition and how can it be measured? How does one define the relevant product and geographical market, and determine whether a firm or firms have individual or collective power over that market?