Relevant marketRelevant market

In competition law, a relevant market is a market in which a particular product or service is sold. It is the intersection of a relevant product market and a relevant geographic market. The European Commission defines a relevant market and its product and geographic components as follows:

• A relevant product market comprises all those products and/or services which are regarded as interchangeable or substitutable by the consumer by reason of…
• A relevant geographic market comprises the area in which the firms concerned are involved in the supply of products or services and in which the conditions…
• Demand-side substitution.
• Supply-side substitution.

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