Most obvious way - when mergers/takeovers proposed. UK, merger/takeovers that gov considers may have detrimental effect on consumers - Competition + Markets Authority (CMA). Will investigate likely impact of proposed deal before reporting back to gov w/ recommendations on whether deal should be permitted.
Impact of legislation on strategic decision-making - few companies would bother to pursue takeover that would lead to combined market share in excess of 25%. At times, acts as major constraint on firm's strategic plans, forces them to enter new markets organically or through joint ventures.
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