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This would help ensure that efficient competitors can compete effectively with Royal Mail".
What matters for competition is, increasingly, "effects" – whether business practices lead to the foreclosure or flight from the market of equally efficient competitors.
That approach will see sheltered European firms fall even further behind newer and more efficient competitors from India, China and elsewhere.
Despite having an abundance of stores, Mr. Hughes added, "what we see now is that newer and more efficient competitors always arise".
Business is often a zero-sum game — Wal-Mart thrives by crushing less efficient competitors — but when tastemakers succeed they create competitors.
Like the rest of Japanese society, its businesses have traditionally placed a premium on harmony, which in practice has meant propping up weak firms and making it harder for new, more efficient competitors to rise.
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Although Wal-Mart Stores Inc. is perhaps the most efficient competitor in the business on land, its Web site has been criticized as cumbersome.
And they want assurances that their proposal to merge many of the American industry's biggest companies into a bigger, more efficient competitor will not run into antitrust problems.
As mentioned in the two hypotheses, the presence of PAßN is necessary in addition to the efficient competitor (CLX).
Correspondingly, the interaction of Aβ1 40 with HFA-GSLs is strongly inhibited by NaF, an efficient competitor of H-bond formation.
The GSH-derived dipeptide glu-cys was a more efficient competitor of GSH binding than the peptide cys-gly (Fig. 1B).
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