Substitutes include those which are not available but which could be made available in response to a hypothetical price increase by the monopolists. A six months period is generally assumed, although this will vary from market to market.<\/p>\n
Where substitutes are included, the Authority takes account of the technical feasibility, cost and feasibility of substitution by potential a suppliers, whether potential suppliers are available to switch production and the consumer\u2019s point of view.<\/p>\n
If a hypothetical monopolist of the products imposed a small but significant and non-transitory increase in the price of the products, including the price of a product of at least one of the merging firms (where the conditions of sale of all other products remain constant) if in each successive price increase.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Market Analysis The first \u00a0step is to identify whether the market is such that it is conducive to collusion and coordination.\u00a0 Where products are homogenous, and there is a lesser degree of transparency in market conditions, coordination is more likely. The ease of maintaining collusion is considered.\u00a0 An inherent pressure on collusive cartel behaviour is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[157],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10033"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=10033"}],"version-history":[{"count":3,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10033\/revisions"}],"predecessor-version":[{"id":20590,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10033\/revisions\/20590"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=10033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=10033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=10033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}