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Australia versus Big Business
Beginning of article
In a country where the notion of giving everyone a "fair go" is embedded in the national psyche, it is not surprising that Australia's competition watchdog has some pretty sharp teeth. With its mission of protecting the underdog and ensuring that no one company monopolizes a market of just 17 million people, the Australian Competition and Consumer Commission (ACCC) has its work cut out. But in recent months eyebrows have been raised over the lengths it has taken to protect the little Aussie battler.
The ACCC's first contentious case involved a decision to scuttle a A$1.5 billion (US$975 million) hostile bid by Cable &Wireless Optus to take over the country's third-largest …
