The cases against Google, Facebook, and Amazon demonstrate the dangers posed by
market power and dominance.
The review will look into "whether and how market-leading online platforms have achieved
market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers", the Justice Department said in a statement, Daily Sabah reported.
In its review, the PCC looked at how the combined stake of the merged firm may exercise
market power by increasing prices of medicines where they used to compete in, and the possibility of how similar products present in both firms might become less active or be pulled out from the market once both entities merged.
While rising corporate
market power has had a fairly limited negative economic impact so far, if left unchecked, it could take a bigger toll on growth and people's income.
The investigation will include a series of hearings held by the Subcommittee on Antitrust, Commercial and Administrative Law on the rise of
market power online, as well as requests for information that are relevant to the investigation.
While the rising corporate
market power has had a fairly limited negative economic impact so far, it could take a bigger toll on growth and people's income if left unchecked.
Hull Street Energy is a private equity firm that acquires, optimizes and grows middle
market power businesses through the application of industry-leading risk management, efficiency enhancements and contract structuring.
To prevent gaming and abuse of
market power by generation company-trading participants, the Energy Regulatory Commission (ERC) has engaged an American firm-consultant so they can toughen up surveillance and monitoring at the Wholesale Electricity Spot Market (WESM).
It examines global prospects and policies; the evolution of corporate
market power and its macroeconomic effects, whether
market power has increased, and what the implications are; the price of capital goods, its drivers, and its impact on real investment rates; and the link between bilateral trade tariffs and trade imbalances.
The URC takeover removes its only competitor, erodes the benefits of competition for the sugarcane planters, and leaves
market power at the hands of a single provider in an area,' Balisacan said.