The key issue in determining the relevant product market is

Question

Quizplus · Accepted Answer

The key issue in determining the relevant product market is the degree of interchangeability between products. This means that products that are considered substitutes for one another should be included in the same product market. The more similar the products are, the more likely they are to be in the same market. Other factors, such as geographic area and production processes, may also be relevant, but interchangeability is the most important consideration. The market share test is a method for analyzing market power in a given market, but it is not directly related to the determination of the relevant product market.

The Key Issue in Determining the Relevant Product Market Is