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
B Statements 2, 3, and 4 only
C Statements 2 and 3 only
D Statements 3 and 4 only
E All statements are correct
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