Richard Schmalensee, Jun 01, 2011
Let me now turn to the broad consensus on market definition among leading authorities. I don’t have time-and I doubt you have the patience-to go through all the methods and information sources discussed in our paper. It seems more useful on this occasion to highlight three of the key concepts we discuss: the purpose of market definition, the dimensions of market definition, and a useful conceptual tool for market definition.
It is perhaps most important t
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