Asked by Frisca Kim Lun on May 18, 2024
Verified
In the European Union (EU),the European Commission has considerable authority to quash a merger through its own action.
European Commission
An institution of the European Union responsible for proposing and enforcing legislation, implementing policies, and managing the EU's budget.
European Union (EU)
A political and economic union of 27 European countries that are located primarily in Europe, aiming to foster economic cooperation, ensuring free movement of people, goods, services, and capital.
- Recognize the European Commission's authority in merger regulations within the EU.
Verified Answer
JB
Joseph BolinoMay 19, 2024
Final Answer :
True
Explanation :
Under U.S.law,the FTC or the Justice Department normally must take legal action in court in order to block a planned merger,whereas in the EU,the European Commission has considerable authority to quash a merger through its own action.
Learning Objectives
- Recognize the European Commission's authority in merger regulations within the EU.