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Essay / Research Paper Abstract
This 3 page paper is written in three parts. The first part summarises the main purpose of the trade practices act and the meanings of the term competition and market within the act. The second part applies the act to a scenario where a firm attempting to take advantage of market power. The last part of the paper considers the meanings of authorisation and notification within the act. The paper is written with reference to Australian law. The bibliography cites two sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEtradeP1.rtf
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Unformatted sample text from the term paper:
reflected in the act itself where the object of the act is stated to be "enhance the welfare of Australians through the promotion of competition and fair trading and provision
for consumer protection". The act seeks to achieve this by legislating against anti-competitive behaviours in order to promote competition which is good for consumers and is also self-sustaining as it
will create efficiency in companies which will also enhance competition levels. When looking at the terms market and competition, competition is a term that is not limited to domestic
goods only it applies equally to protect competition including imported goods and/or services that are provided by companies or individuals that are not resident in Australia. Competition is viewed from
the perspective of the consumer, as it is the limiting of competition that is controlled and where necessary prohibited by the by the act. The term market is not
defined, however, as this is an act that covers all states in Australia then it is apparent that the market is the market in which goods are sold within the
boundaries of Australia. Part B This looks at restrictive practices. Newman homes have 82% of the market and which to make sure they retain market share by using their
market power to get the supplier of a material they sell to sign an exclusive agreement to sell only to them. There are three issues to discuss here, firstly if
Newman Home are acting legally to undertake this course, secondly is Lightstuff, the supplier are right in agreeing to the deal, and thirdly if the merger between a company that
wanted to, but cannot buy the goods and has 10% of the market would be able to merge with a company that has 82% of the market. When looking
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