35As the Advocate General noted in points 43 to 45 of her Opinion, the grant of State aid can have an adverse effect on the competitive situation of an operator in other ways too, in particular by causing the loss of an opportunity to make a profit or a less favourable development than would have been the case without such aid. Similarly, the seriousness of such an effect may vary according to a large number of factors such as, in particular, the structure of the market concerned or the nature of the aid in question. Demonstrating a substantial adverse effect on a competitors position on the market cannot, therefore, simply be a matter of the existence of certain factors indicating a decline in its commercial or financial performance.
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