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What is a relevant geographic market?

What is a relevant geographic market?

Relevant geographic market is a geographical territory in which competition conditions in a relevant market of a product are sufficiently the same for all participants in such market and therefore this territory can be separated from other territories. locations are regarded to be in different geographic markets.

What is a relevant market example?

In determining the relevant product market, the analysis assesses those products that are reasonably interchangeable. For example, telemedicine services may arguably be a reasonable substitute for primary care services, but not likely for emergency room services.

What is the geographical market?

“The relevant geographic market comprises the area in which the undertakings concerned. are involved in the supply and demand of products or services, in which the conditions of. competition are sufficiently homogeneous and which can be distinguished from neighbouring.

How does the EU define the relevant market?

Definition of relevant market. This notice provides guidance as to how the Commission applies the concept of relevant product and geographic market in its ongoing enforcement of European Union (EU) competition law. By making public the procedures followed by the Commission regarding market definition and by indicating the criteria

What makes a geographic market a relevant market?

The definition of geographic market takes account of the relevant company’s location and the nature of the relevant product. The most important element in the definition of a geographic market is the homogeneity of competition parameters across different geographical areas.

Is the European Commission changing the relevant market notice?

The European Commission is contemplating changes to its 23-year-old Market Definition Notice. To this end, on 26 June 2020, the Commission launched a public consultation on the relevance of the Notice.

How is the size of the relevant market determined?

The definition of the relevant market in both its product and geographic dimensions allows the market operators (suppliers, customers, consumers) to be identified. On that basis, the total market size and the market share of each supplier can be calculated with reference to their sales of the relevant product in the relevant area.