English version

Monopolies and Mergers Commission, the

From Longman Dictionary of Contemporary EnglishMonopolies and Mergers Commission, thethe Monopolies and Mergers CommissionMoˌnopolies and ˈMergers Comˌmission, the  a former British government organization whose job was to examine cases where two companies plan to merge (=join together to form a larger company), and to decide whether this would be bad for other businesses and for ordinary customers. If the government thought there might be a problem, the case was ‘referred to the Monopolies and Mergers Commission’. In 1999 the organization was replaced by the Competition Commission. There is a similar organization in the US called the Federal Trade Commission (FTC).From Longman Business DictionaryMonopolies and Mergers CommissionMoˌnopolies and ˈMergers Comˌmission abbreviation MMC nounFINANCEORGANIZATIONS a British government organization whose job is to examine cases where two companies plan to join together to form one company, and to decide whether this would be bad for other businesses because there will be less competition. There is a similar organization in the US called the FEDERAL TRADE COMMISSION
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