I am thankful to the Competition Commission of India for accepting me as an intern and providing me with the appropriate guidance and material to convert my synopsis into this paper. I am fortunate to be provided with an opportunity to write my paper under the guidance of Mr. Rakesh Kumar, Joint Director (Economics). This paper would not have been possible without his valuable inputs, honest remarks and earnest effort to guide me throughout the drafting of the paper. I am highly indebted to the entire library staff to help me find the relevant books and journals. I am grateful to Dr Anil Kumar Sharma, Assistant Director (Economics) and Mr. Anand Sharma, Advisor (Economics) for guiding me in the organization of this project and enthusiastica...