Competition Law

Article 102 of the Treaty On The Functioning Of The European Union (TFEU) deals with the abuse of a dominant position. It is under this article that an argument will be based on and it is important to understand the history and scope of this article. This article was based on section 2 of the Sherman act in the United States, with a few changes to suit the European Union. Section 2 of the Sherman Act imposes fines and, or a prison sentence on persons who monopolize or attempts to monopolize, or combine or conspire with other persons to monopolize any part of trade From this comes the question, what is defined as a monopoly. A situation in which a single company owns most, or a vast majority of the market for a given type of product or service. This would happen in the case that there is a barrier to entry into the industry that allows the single company to operate without competition. In a scenario that this happens, the company will be termed as

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