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    <title>‘RELEVANT MARKET’ UNDER COMPETITION ACT, 2002</title>
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    <description>The relevant market comprises the relevant product market and the relevant geographic market; these components guide assessment of anti competitive agreements, abuse of dominant position and combinations. The Commission must consider enumerated factors when determining appreciable adverse effect on competition (barriers to entry, foreclosure, consumer benefits, improvements, promotion of development), dominance (size, market share, economic power, vertical integration, entry barriers, countervailing power, market structure) and market definition (regulatory barriers, transport costs, consumer preferences, product characteristics, in house exclusion). Merger review requires analysis of market concentration, substitutes, vertical integration and whether benefits outweigh adverse impacts.</description>
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      <link>https://www.taxtmi.com/article/detailed?id=6256</link>
      <description>The relevant market comprises the relevant product market and the relevant geographic market; these components guide assessment of anti competitive agreements, abuse of dominant position and combinations. The Commission must consider enumerated factors when determining appreciable adverse effect on competition (barriers to entry, foreclosure, consumer benefits, improvements, promotion of development), dominance (size, market share, economic power, vertical integration, entry barriers, countervailing power, market structure) and market definition (regulatory barriers, transport costs, consumer preferences, product characteristics, in house exclusion). Merger review requires analysis of market concentration, substitutes, vertical integration and whether benefits outweigh adverse impacts.</description>
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