Relaxing whilst doing Competition Law is not an Oxymoron

Archive for February 21st, 2012

AT Quote of the Day

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I can’t help but reading a good definition of “anticompetitive foreclosure” in this Adam Smith’s quote:

To widen the market [NP’s note: through leveraging], and to narrow the competition [NP’s note: through exclusionary tactics]  must always be against [the public], and can only serve to enable the dealers, by raising their profits above what they naturally would be, to levy, for their own benefit, an absurd tax upon the rest of their fellow citizens”.

Source: (1776) The Wealth of Nations, Book I Part III § 10.

Written by Nicolas Petit

21 February 2012 at 7:24 pm

Posted in Uncategorized