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Charles M Seeger: Competition reaffirmed

What would Friedrich Hayek do with a large prominent business, trusted by the public, that is caught cheating that very public solely to enrich itself? And what if that same business illegally plotted to force its rivals out of business? The Competition Commission of India (CCI) recently judged the National Stock Exchange (NSE) to have anti-competitively tried to monopolise the nation’s currency derivatives market. The CCI’s ruling follows from a complaint by the Multi Commodity Exchange-Stock Exchange (MCX-SX) alleging that the NSE set its transaction prices below costs – ...