Words / R / Law

relevant market

phrase/ˈreləvənt ˈmɑːkɪt/

C1CEFR level
78/100Rarity: rare
TechnicalRegister

The product and geographic market within which the competitive effects of conduct or a transaction are assessed.

Defining the relevant market was decisive, since a narrow definition inflated the parties' combined share.

Similar: market definition

Topic: Competition & antitrust in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Competition & antitrust