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LSDefine

Simple English definitions for legal terms

relevant market

Read a random definition: granting clause

A quick definition of relevant market:

A relevant market is a place where people buy and sell things. It can be a physical place or a group of people who want to buy the same thing. For example, people who want to buy microchips are a relevant market. A relevant market is important because it helps companies know who their customers are and what they want. If a company can control a relevant market, they can raise prices without losing too many customers.

A more thorough explanation:

A relevant market is a market that can be monopolized, meaning a market where a company can increase prices without losing too many sales. It includes both the product market and the geographic market.

For example, if a company sells a unique type of phone case and there are no other similar products available, then that company has a monopoly in the product market. If the company can raise the price of the phone case without losing too many sales, then the market is relevant.

Another example is a geographic market. If a company sells snow shovels in a city where it snows frequently and there are no other stores selling snow shovels nearby, then the company has a monopoly in that geographic market. If the company can raise the price of the snow shovels without losing too many sales, then the market is relevant.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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