Competition authorities do not view themselves as price regulators. Most do not want to decide whether a price is right or not in an industry. That is something the market will decide through normal forces of supply and demand. Problems can arise though, where the normal forces of supply and demand do not work, especially because one player has market power or is dominant in a product. In those circumstances the dominant company has a special responsibility not to abuse its market power.
In the briefing below, we will provide a snapshot of the authorities’ discernible thinking on the matter and (likely) direction of travel.
