On 22 May 2024, the Authority for the Protection of Competition and the Prohibition of Monopolistic Practices released guidelines on defining the relevant market. These guidelines establish a framework for market definition based on two primary elements: the relevant product and the geographic scope. The methodology includes economic tests such as the Hypothetical Monopolist Test (SSNIP), Cross-Price Elasticity of Demand, and Price Correlation Analysis, among others. Additionally, the guidelines address market definition in various competition law contexts, including horizontal and vertical agreements, abuse of dominance cases, and merger assessments. The guidelines provide analytical tools and criteria for determining market boundaries, ensuring consistency in competition enforcement.
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