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Competition policy is no exception.
As firms with multinational activities adapt to the emerging world markets, decisions taken by industry headquarters have the potential to modify the competitive environment overnight. Strategic moves by major players are felt all over the world and have consequences for the final consumer, for business partners, competitors and employees. Competition concerns raised by the conduct of such players, or by their transactions and agreements, transcend national borders. International cartels, world-scale mergers, abuses of dominance on several major markets are a challenge for competition authorities. Firms involved can be subject to different competition rules with different criteria for taking decisions, different procedures, different time limits.