ABSTRACT
First, define the relevant market, which has three components: the relevant product market (RPM), the relevant geographical market (RGM) and if appropriate, the relevant temporal market (RTM). In order to identify the relevant market three factors are taken into
tute for the product under consideration in response to a Small but Significant and Nontransitory Increase in Price (the SSNIP test) in order to include those products within the relevant market;
supply substitutability – this is to identify all producers that currently produce a relevant product and all producers that could easily and economically produce and sell the relevant product in a short period of time in response to a small increase in price in order to include them within the relevant market; and
potential competition. This is in fact often assessed at the third stage (see below).
