Minnesota Fair Competition Act regulates monopoly and monopsony power, prohibits price discrimination, and sets penalties.

The Minnesota Fair Competition Act establishes rules to prevent unfair business practices. It defines monopoly and monopsony power, prohibiting their use to control prices or exclude competition. The act also bans price discrimination among buyers of similar goods or services. Violations can lead to civil penalties, with amounts varying based on the corporation's revenue. The act allows exceptions for price changes due to market conditions. Enforcement is handled by the attorney general, who can investigate and bring actions to stop violations.

Minnesota Fair Competition Act regulates monopoly and monopsony power, prohibits price discrimination, and sets penalties.

The Minnesota Fair Competition Act establishes rules to prevent unfair business practices. It defines monopoly and monopsony power, prohibiting their use to control prices or exclude competition. The act also bans price discrimination among buyers of similar goods or services. Violations can lead to civil penalties, with amounts varying based on the corporation's revenue. The act allows exceptions for price changes due to market conditions. Enforcement is handled by the attorney general, who can investigate and bring actions to stop violations.