Agreements, market power, and what would have happened without them.
Practise this list
From these 37 words, as many per round as you like — up to all of them: first what is due today, then new ones. First you choose, then you fill the gap, then you write it yourself. Mistakes come back again shortly.
More about this list
The fourth entry is la soumission concertée, and an English reader who takes the first noun at face value reads something close to concerted meekness. La soumission does carry that sense, much as « submission » does: la soumission à l’autorité is submission to authority, and se soumettre is to give in. But French handed the same noun a second and quite unrelated job in public procurement, and it is that one at work here. Une soumission is a tender, the offer a firm puts in for a contract. Soumissionner à un appel d’offres is to bid for one, déposer une soumission is to put a bid in, and le soumissionnaire is the bidder — so le soumissionnaire évincé is the firm that lost, not one that was made to submit. English never runs the two together: a firm submits a bid, and « submission » stays with the handing-in and with the meekness. The practice named on this list is « bid rigging », where the bidders settle beforehand whose turn it is and who will send in a losing cover bid.
Un accord horizontal lie des entreprises du même niveau.A horizontal agreement binds firms at the same level.
l’accord verticalthe vertical agreementNoun (m)C2
Un accord vertical lie le fournisseur et son distributeur.A vertical agreement binds the supplier and its distributor.
le prix de revente imposéthe resale price maintenanceNoun (m)C2
Le prix de revente imposé prive le détaillant de toute marge de manœuvre.Resale price maintenance leaves the retailer no room at all.
l’abus de position dominantethe abuse of a dominant positionNoun (m)C2
L’abus de position dominante commence là où le concurrent ne peut plus suivre.Abuse of a dominant position begins where the competitor can no longer keep up.
le marché pertinentthe relevant marketNoun (m)C2
Le marché pertinent se définit par produit et par région.The relevant market is defined by product and by area.
le prix prédateurthe predatory priceNoun (m)C2
Le prix prédateur reste durablement sous le coût de revient.A predatory price stays below cost for a long stretch.
le ciseau tarifairethe margin squeezeNoun (m)C2
Le ciseau tarifaire étouffe celui qui doit acheter chez son concurrent.A margin squeeze chokes whoever has to buy from a competitor.
le refus de ventethe refusal to supplyNoun (m)C2
Le refus de vente devient grave quand il n’existe pas d’autre source.A refusal to supply becomes serious when there is no other source.
le bien-être du consommateurthe consumer welfareNoun (m)C2
Le bien-être du consommateur sert de mesure à toute l’analyse.Consumer welfare serves as the yardstick for the whole analysis.
le programme de clémencethe leniency programmeNoun (m)C2
Le programme de clémence récompense celui qui parle le premier.The leniency programme rewards whoever speaks first.
le contrôle des concentrationsthe merger controlNoun (m)C2
Le contrôle des concentrations intervient avant le rapprochement.Merger control steps in before the two firms come together.
le seuil de notificationthe notification thresholdNoun (m)C2
Le seuil de notification se calcule sur le chiffre d’affaires.The notification threshold is worked out from turnover.