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Market domination
| Competition law |
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| Basic concepts |
| Anti-competitive practices |
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| Enforcement authorities and organizations |
Market dominance is the control of a economic market by a firm.[1] A dominant firm possesses the power to affect competition[2] and influence market price.[3] A firms' dominance is a measure of the power of a brand, product, service, or firm, relative to competitive offerings, whereby a dominant firm can behave independent of their competitors or consumers,[4] and without concern for resource allocation.[5] Dominant positioning is both a legal concept and an economic concept and the distinction between the two is important when determining whether a firm's market position is dominant.
Abuse of market dominance is an anti-competitive practice, however dominance itself is legal.
- ^ Rosenbaum, David Ira (1998). Market Dominance: How Firms Gain, Hold, Or Lose it and the Impact on Economic Performance. Greenwood Publishing Group. ISBN 978-0-275-95604-2.
- ^ Shepherd, William (1990). The Economics of Industrial Organisation. NJ: Englewood Cliffs. pp. 273=0.
- ^ Doyle, Chris (20–22 November 2002). "Market Definition and Dominance" (PDF).
- ^ "What does dominant market position mean? Is it acceptable? | Department of Economics". www.econ.iastate.edu. Retrieved 2022-05-02.
- ^ "Market Dominance: How Firms Gain, Hold, or Lose It and the Impact on Economic Performance". eh.net. Retrieved 2022-05-02.
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