Write short notes on: Factors which Competition Commission of India considers while determining "relevant geographic market" and "relevant product market".

As per Sec 19 (6) of the Competition Act, 2002, the Factors which Competition Commission of India consider while determining "relevant geographic market" are: Regulatory trade barriers Local specification requirements National procurement policies Adequate distribution facilities Transport costs Language Consumer preferences and Need for secure or regular supplies or rapid after sales services As per Sec 19(7) of the Competition Act, 2002, the Factors which Competition Commission of India consider while determining "relevant product market" are: Physical characteristics or end-use of goods Price of goods or services Consumer preferences Exclusion of in house production Existence of specialized producers and Classification of industrial products