Words / S / Law

SSNIP test

phrase/snɪp test/

C2CEFR level
96/100Rarity: very rare
TechnicalRegister

The hypothetical monopolist test that defines a market by asking whether a small but significant non-transitory increase in price would be profitable.

Applying the SSNIP test, the authority concluded that adjacent products were not close substitutes.

Similar: hypothetical monopolist test

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