Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

relevant market

Read a random definition: Court of Civil Appeals

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.

relevant art | relicta verificatione

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
texaslawhopefully
22:30
@KnowledgeableRitzyWasp: That all sounds great. It sounds like it has fairly diverse cuisine for a smaller city
KnowledgeableRitzyWasp
22:31
yeah there are so many good cuisines in ithaca
renard99
22:31
@lilypadfrog: that’s a pity I’da be liking them all
texaslawhopefully
22:31
Only food I’m going to miss for sure if I leave Texas is texmex
Eggan
22:31
waspy hasnt had thai food in ithaca yet. ithaca thai is so good
KnowledgeableRitzyWasp
22:32
^^^^ truuuuuu
Eggan
22:32
there are two major thai places and they have very similar names bc a divorced husband and wife own them lol
Eggan
22:32
personally i think taste of thai is better than taste of thai express but thats just me
KnowledgeableRitzyWasp
22:32
i had pho tho and it was really good and huge portions
texaslawhopefully
22:32
Glad they have good Thai food, I love Thai food! Can’t wait to visit :)
Eggan
22:33
when tex goes to ithaca i want to come
Dkk
22:34
Crying Tiger, best Thai dish.
KnowledgeableRitzyWasp
22:35
damn im so hungry all i had today was a curry tonkatsu and buldak
KnowledgeableRitzyWasp
22:35
and it was a lil baby noodle cup
KnowledgeableRitzyWasp
22:35
vvv hungry
Eggan
22:36
curry tonkatsu so yummeh
Eggan
22:36
whats even open rn? pizza?
KnowledgeableRitzyWasp
22:36
CTB is it i think
Eggan
22:37
is collegetown pizza not open
Eggan
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
KnowledgeableRitzyWasp
23:02
ross ulbricht tried to hire a hitman to kill 5 people
KnowledgeableRitzyWasp
23:02
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
LSD+ is ad-free, with DMs, discounts, case briefs & more.