In what clearly can be called an unprecedented decision, the European Commission yesterday moved to prohibit the proposed takeover by Ryanair of smaller rival Aer Lingus. The EC said a merger would harm consumers by creating a monopoly on 22 routes and a dominant position with a market share of more than 60% on a further 13. "Monopolies are bad for consumers because they reduce choice, lower quality and give rise to higher prices. Low-cost carriers like Ryanair are no exception to this ...

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