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Australian competition law has just emerged from a significant period of reform which has seen the concept of market power become more contested. Central to the debate is the contention that the traditional legal conception of market power does not provide a useful standard in real world markets.
This important new book offers a radical interpretation of market power, based on the power to manipulate. Seeing it in this way allows for positive and normative standards within which to frame a legal theory of liability for misuse of that power.