FEDERAL COMPETITION AND CONSUMER PROTECTION ACT

Section 71: Criteria for identifing the relevant market

2018Section 71 of 168Federal Republic of Nigeria

For the purpose of delineating the relevant market under this Act, the criteria that shall be taken into account include the-(a) geographical boundaries that identify groups of sellers and buyers of goods or services within which competition is likely to be restrained ;
(b) goods or services which are regarded as interchangeable or substitutable by the consumer by reason of their characteristics, prices and the intended use ; and
(c) suppliers to which consumers may turn to in the short term, if the abuse of dominance leads to a significant increase in price or to other detrimental effect upon the consumer.

Cite this section

Section 71, FEDERAL COMPETITION AND CONSUMER PROTECTION ACT (2018).

https://repo.podus.ai/laws/federal-competition-and-consumer-protection-act/section/71/