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Questions and Answers
What does the concept of an undertaking refer to in competition law?
What does the concept of an undertaking refer to in competition law?
- Entities engaged in economic activity (correct)
- The way in which the entity is financed
- The market share of the entity
- The legal status of the entity
According to the text, what is the functional character of the concept of an undertaking?
According to the text, what is the functional character of the concept of an undertaking?
- It excludes entities based on their financing methods
- It considers the legal status of the entity
- It focuses on the market share of the entity
- It encompasses entities engaged in economic activity (correct)
How is 'undertaking' defined in competition law?
How is 'undertaking' defined in competition law?
- Inclusive of all economic activities regardless of entity's status or financing (correct)
- Focused on specific types of economic activities
- Dependent on the entity's legal status
- Based on market dominance
What is considered as economic activity according to the text?
What is considered as economic activity according to the text?
According to the text, what does the concept of an 'undertaking' encompass in competition law?
According to the text, what does the concept of an 'undertaking' encompass in competition law?
What is the functional character of the concept of an 'undertaking' as per the text?
What is the functional character of the concept of an 'undertaking' as per the text?
What is the key characteristic of economic activity according to the text?
What is the key characteristic of economic activity according to the text?
In which case was the notion of an undertaking defined as encompassing every entity engaged in an economic activity?
In which case was the notion of an undertaking defined as encompassing every entity engaged in an economic activity?
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Study Notes
Concept of an Undertaking in Competition Law
- The concept of an undertaking refers to an entity that engages in economic activity.
Definition of an Undertaking
- An undertaking is defined as every entity engaged in an economic activity, regardless of its legal status or the way it is financed.
Functional Character of an Undertaking
- The functional character of an undertaking is economic, meaning its primary goal is to offer goods or services on a market.
Characteristics of Economic Activity
- Economic activity is characterized as any activity that consists of offering goods or services on a market.
Notion of an Undertaking
- The notion of an undertaking encompasses every entity engaged in an economic activity, as defined in the Höfner and Elser case.
Key Takeaway
- The concept of an undertaking is central to competition law, encompassing all entities engaged in economic activities that offer goods or services on a market.
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