Despite more than twenty years left behind following the enactment of Law No.4054 on the
Protection of Competition (“Competition Law” or Law No.4054) related core concepts such as market, competition, fair trading, anticompetitive pricing can be misinterpreted. One of the reasons for that may be the fact that the same terminology “competition” exists in all of these areas and this may still cause some degree of confusion in the understanding and sometimes enforcement of competition related rules. Competition is generally defined as a contest where economic decisions can be taken freely by the undertakings in the markets for goods and services.