complex monopoly

complex monopoly

a situation defined by UK COMPETITION POLICY as one in which two or more suppliers of a particular product restrict competition between themselves. Complex monopoly is in essence an OLIGOPOLY situation where the firms concerned, although pursuing individual (i.e. noncollusive) policies, nonetheless behave in a uniform manner and produce a result which is noncompetitive (i.e. similar to COLLUSION). The problem is that it is often difficult to distinguish between competitive and noncompetitive situations. For example, if firms charge identical prices, is this reflective of competition (i.e. prices which are brought together because of competition) or a deliberate suppression of competition?

complex monopoly

a situation defined by UK COMPETITION POLICY as one in which two or more suppliers of a particular product restrict competition between themselves. ‘Complex monopoly’ in essence refers to an OLIGOPOLY situation where the firms concerned, although pursuing individual (i.e. non-collusive) policies, nonetheless behave in a uniform manner and produce a result that is non-competitive (i.e. similar to COLLUSION). The problem is that it is often difficult to distinguish between competitive and non-competitive situations. For example, if firms charge identical prices, is this reflective of competition (i.e. prices that are brought together because of competition) or a deliberate suppression of competition?
References in periodicals archive ?
The report describes a "complex monopoly" in the grocery supply chain, with many suppliers dependent on - large retailers to distribute goods.
The inquiry uncovered three "complex monopoly situations" relating to the supply and sale of prescription-only medicines.
THE UK's big banks have been accused of operating a "complex monopoly" by the author of a key report on the sector.
under the Competition Act or a complex monopoly reference to the Competition Commission".
It found the Big Four enjoyed a "complex monopoly" in the provision of banking services to small firms, holding a dominant 85pc market share.
The complaint alleged that BAGS was abusing its dominant position and that there was a "complex monopoly" in the supply of off-course betting, with "a substantial degree of horizontal co-operation between the major suppliers".
Small businesses are falling victim to a complex monopoly by high street banks, according to provisional findings from an inquiry by the Competition Commission.
The Competition Commission, which advises the Government, concluded banks were operating a "complex monopoly" in small business services.
The Competition Commission has ruled that the "big four" High Street banks - HSBC, Barclays, the Royal Bank of Scotland and Lloyds TSB - are operating a complex monopoly.
A complex monopoly is where a group of companies that are not connected and that together account for at least one-quarter of a U.K.
The CC published its findings in April 2000 and made a number of recommendations to end what was characterised as a complex monopoly situation.