Simple English definitions for legal terms

market share

Read a random definition: antitrust laws

A quick definition of market share:

Market share refers to the portion or percentage of a particular market that a company or business supplies with its products or services. It is calculated by dividing the company's output by the total output of the market. In simpler terms, it is the amount of business a company has compared to its competitors in a specific market. Market share is important because it helps companies understand their position in the market and make decisions on how to improve their products or services to gain more customers.

A more thorough explanation:

Market share refers to the percentage of the total market for a particular product or service that a company supplies. It is calculated by dividing the company's output by the total market output.

For example, if a company produces 100 units of a product and the total market output is 1000 units, then the company's market share would be 10%.

Market share is often used in antitrust law to measure a company's market power. If a company's market share is high enough, usually 70% or more, it may be considered guilty of monopolization.

For instance, if a company has a market share of 80% in the smartphone industry, it may be accused of having too much control over the market and limiting competition.

market-recovery program | market-share liability


General chat about the legal profession.
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
im so dumb its literally Saturday
bbq it is
law school has made me unaware of the days of the week
me too, me too
do you guys want to hear my newest irrational fear
[] ararara
That you have so much fun tonight dancing after the sun goes down you fall in love but way too hard and your heart pops!
[] ararara
Hi wherever you are hope you have a great Saturday! Stay hydrated!
hydrating! 👹
[] ararara
Hahah lolll show those fools your dance moves!! I am actually about to start working until about 4 in the morning so I can go out of town Tuesday so avenge me!
[] ararara
I came face to face with an Amazon worker on prime day though and that was crazy. Don’t think I’ll ever forget that. They looked completely drained it was insane.
rip to that young lad, wishing them hydration and days off from work. don’t work yourself too hard ara! chronic stress kills!
[] ararara
Thanks wasp right back at you! You too! This work is really interesting! It’s one of three jobs where it’s been hard to stop before school starts for sure.
you have to be the art hoe gf u want to see in the world
bunny i am trying so hard idk if i can cut it
amlaw what's your fear
that i got rejected from washu and just didn't see the email even though i've checked my spam and everything because they don't change their portals at all
that sucks :(
and i know its crazy lol
hahaha yes it is crazy lol
Heard Biden dropped out of the race. Made me remember when you said bye den dropped out of my life. You'll always be my first choice nominee. No need to text back
i have never fully comprehended any of your messages bunny
when you said bye den dropped out of my life
i have a 3.38 and hope to get a 175+ on the LSAT
Does anyone know which schools place in federal positions outside of T14? UT,SMU, TAMU, George Mason, George Washington, ASU)
odds for sls waitlist this cycle?
Who ever is accepted at Wayne state and is not attending can you please withdraw your app 🥹
LSD+ is ad-free, with DMs, discounts, case briefs & more.