Chapter 3Competition and Predation Legal Aspects
Ruwantissa Abeyratne
1. Introduction
From an economic perspective, competition represents conditions that occur in markets allowing buyers and sellers to interact with a view to establishing prices and exchanging goods and services. Therefore, economic competition admits of a compelling synergy between buyers and sellers and their self interest to serve the needs of a society as well as those of individual market participants by producing a maximum number of goods at the lowest possible prices. However, from a legal perspective, competition is associated with the rights of the competitor as well as the consumer, whereby the former is precluded from exercising dominance over others in the overall ...
Get Competition versus Predation in Aviation Markets now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
