47Thus, in accordance with the case-law referred to in paragraphs 37 to 40 above, the Commission was required to take account of the extent of the infringement on the relevant market and, to that end, could use the applicant’s turnover in the cartelised LCD panels as an objective criterion giving a proper measure of the harm which its participation in the cartel did to normal competition, provided that that turnover resulted from sales having a link with the EEA. Such a link exists where cartelised LCD panels are transferred by the applicant to its subsidiaries, wherever established, which incorporate them in finished products that are sold to third parties within the EEA.
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