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    Question

    Consider the following statements regarding market

    definition under the Competition Act: Statement 1: Market definition is relevant only for assessing abuse of dominance. Statement 2: Relevant market includes both geographic and product dimensions. Statement 3: Substitutability of products is a key factor in market definition. Statement 4: CCI must define market before assessing anti-competitive conduct. Which statements are correct?
    A Statements 1 and 4 only Correct Answer Incorrect Answer
    B Statements 2, 3, and 4 only Correct Answer Incorrect Answer
    C Statements 2 and 3 only Correct Answer Incorrect Answer
    D Statements 3 and 4 only Correct Answer Incorrect Answer
    E All statements are correct Correct Answer Incorrect Answer

    Solution

    Market definition is relevant for both Section 3 and Section 4—Statement 1 is incorrect. Market has product and geographic dimensions—Statement 2 is correct. Substitutability is key criterion—Statement 3 is correct. CCI must define market for assessment—Statement 4 is correct. Statements 2, 3, and 4 are correct.

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