Phase I
A2CEFR level
20/100Rarity: fairly common
TechnicalRegister
The initial stage of merger review in which the authority decides whether a concentration raises serious doubts warranting further investigation.
The deal was cleared unconditionally at the end of Phase I.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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