To identify the product market, antitrust agencies use
A)territorial restrictions
B)both qualitative and quantitative tools.
C)quantitative, but not qualitative tools.
D)qualitative, but not quantitative tools.

Question

Quizplus · Accepted Answer

Antitrust agencies use both qualitative and quantitative tools to identify the product market. Qualitative tools include analyzing customer preferences, substitution possibilities, and product characteristics. Quantitative tools include analyzing market shares, price correlations, and demand elasticities.

To Identify the Product Market, Antitrust Agencies Use