A suit is filed against Adroit Drilling Tools Corporation, alleging that the firm committed the offense of monopolization. To determine whether Adroit has monopoly power requires looking at

Question

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To determine whether Adroit has monopoly power, it is necessary to identify the relevant market. The relevant market is the product market in which Adroit operates and the geographic market in which the firm competes. The size of Adroit alone or its production methods and marketing techniques do not necessarily indicate whether it has monopoly power. The definition of monopoly in the Sherman Act is important, but it is not sufficient to determine whether Adroit has monopoly power.

A Suit Is Filed Against Adroit Drilling Tools Corporation, Alleging