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LSDefine

Simple English definitions for legal terms

relevant market

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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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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