Market dominance
Market dominance: the rationale in many countries for creating the need for competition policy. Market dominance is the ability of a firm to influence the behaviour of other firms, either upstream or downstream. In most cases, competition policy accepts the existence of market dominance, but is concerned with eliminating its abuse. See also antitrust laws and market power.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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