The relevant market is:

Question

Quizplus · Accepted Answer

The true economic marketplace taking into account the availability of all products that directly constrain product prices for individual producers is the most accurate and comprehensive way to define the relevant market. The size of the concentration ratio and the Herfindahl-Hirschman index may provide some indication of market concentration, but they do not necessarily capture the full breadth of the market or the competitive forces at play. Similarly, geographic proximity of buyers and sellers may be relevant for certain products, but it does not necessarily account for all the factors that affect competition and pricing. The availability of all products that directly constrain product prices for individual producers is the best way to fully understand and define the relevant market.

The Relevant Market Is