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Competition Law

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What does the term agreement not include

The term agreement does not include - conduct by a single undertaking (single entity) - it must be 2+ undertakings

In what two ways can agreements be classified?

Agreements can be classified in two ways; 1. Vertical agreements 2. Horizontal agreements

what does the notice on the definition of the relevant market say about supply substitution ?

Suppliers can switch productions in the sort time without incurring significant additional costs or risks in response to small and permanent price changes.

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