Market definition
Contents
Place in the Framework
Market definition frames the inquiry into monopoly power by identifying the product and geographic market in which competitive constraints operate.
Core Questions
- What products or services are reasonable substitutes?
- What geographic area reflects meaningful competitive constraints?
- Can direct evidence of market power reduce the need for detailed market definition?
Working Notes
Add notes here on demand substitution, supply substitution, market share, barriers to entry, and direct versus circumstantial proof of power.