- relevant
- See material- material evidence- relevant evidence@ relevant marketTo establish claim of monopolization or of attempt to monopolize under the Sherman Act, plaintiff must define the "relevant market" within which defendant allegedly possesses monopoly power, and such "relevant market" is the geographic market composed of products that have reasonable interchangeability for purposes for which they are produced, considering their price, use and quality. Tire Sales Corp. v. Cities Service Oil Co., D.C.I11., 410 F.Supp. 1222, 1230; U. S. v. E. I. DuPont De Nemours & Co., 353 U.S. 586, 77 S.Ct. 872, 1 L.Ed.2d 1057.Term, in relation to case involving alleged violation of Sherman Act, consists of both a product market and a geographic market. U. S. v. Otter Tail Power Co., D.C.Minn., 331 F.Supp. 54, 58.It is one in which product effectively competes with functionally equivalent products. Central Chemical Corp. v. Agrico Chemical Co., D.C.,Md., 531 F.Supp. 533, 549.See also market+ In antitrust context, it may refer to geographic area in which competitors agree to respect the rights of others to sell a product. It may also refer to product markets in which competitors agree among themselves to limit the manufacture or sales of products so as to prevent or limit competition among themselves. Hartford Empire Co. v. U. S., 323 U.S. 386, 65 S.Ct. 373, 89 L.Ed. 322.@
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.