Samkeppnisaðstæður
Samkeppnisaðstæður, or competitive conditions, refer to the economic and market circumstances that influence the level of competition among businesses within a given industry or sector. These conditions determine how firms interact with one another in terms of pricing, product differentiation, market share, and innovation. Understanding samkeppnisaðstæður is essential for businesses, policymakers, and economists as they shape market dynamics, consumer choices, and overall economic efficiency.
In Icelandic economic theory, samkeppnisaðstæður are often analyzed using frameworks such as the structure-conduct-performance (SCP) paradigm,
Regulatory bodies in Iceland, such as the Competition Authority (Keppnissjóður), play a crucial role in monitoring
In practice, samkeppnisaðstæður can vary significantly across industries. Highly competitive markets often lead to lower prices