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                        Question 1 of 30
1. Question
Granite Solutions, a software developer based in Concord, New Hampshire, has achieved a dominant market share in the state for specialized accounting software tailored to local small businesses. To solidify its position, Granite Solutions implements a new pricing strategy: it offers its accounting software at a substantially discounted rate to all new clients, contingent upon their agreement to a five-year exclusive contract for the software and the simultaneous purchase of its proprietary data backup service, which is priced at a premium compared to comparable services offered by competitors in New Hampshire. What is the most likely antitrust violation under New Hampshire law that Granite Solutions’ actions represent?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices. Section 356:3 specifically addresses monopolization and attempts to monopolize. To establish a violation under this section, a plaintiff must demonstrate that a party possessed monopoly power in a relevant market and engaged in conduct that was exclusionary or predatory, with the intent to maintain or acquire that power. Monopoly power is typically assessed by market share, but also considers factors like barriers to entry and the ability to control prices. Exclusionary conduct refers to actions that harm competition by preventing rivals from entering or expanding in the market, rather than by improving the defendant’s own efficiency or product. For instance, predatory pricing, exclusive dealing arrangements that foreclose a substantial portion of the market, or tying arrangements that leverage market power in one product to gain an advantage in another can be considered exclusionary. The intent element requires showing that the defendant acted with the purpose of harming competition or maintaining its monopoly. The scenario describes a software developer in New Hampshire, “Granite Solutions,” which dominates the market for specialized accounting software for small businesses in the state. Granite Solutions then begins offering its software at a significantly reduced price to new customers, but only if they agree to a five-year exclusive contract and purchase its complementary data backup service, which is priced above market value. This practice forecloses competitors from a substantial portion of the market for accounting software for new small businesses in New Hampshire and leverages its dominant position to sell an ancillary service. The exclusive contract and bundled offering, coupled with the below-cost pricing for the software (which is a predatory pricing element), are exclusionary tactics designed to maintain Granite Solutions’ monopoly. The question asks about the likely antitrust violation under New Hampshire law. Given these facts, the most appropriate characterization is monopolization and predatory pricing, as defined and prohibited by RSA 356:3. The exclusive dealing aspect also contributes to the foreclosure of competition.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices. Section 356:3 specifically addresses monopolization and attempts to monopolize. To establish a violation under this section, a plaintiff must demonstrate that a party possessed monopoly power in a relevant market and engaged in conduct that was exclusionary or predatory, with the intent to maintain or acquire that power. Monopoly power is typically assessed by market share, but also considers factors like barriers to entry and the ability to control prices. Exclusionary conduct refers to actions that harm competition by preventing rivals from entering or expanding in the market, rather than by improving the defendant’s own efficiency or product. For instance, predatory pricing, exclusive dealing arrangements that foreclose a substantial portion of the market, or tying arrangements that leverage market power in one product to gain an advantage in another can be considered exclusionary. The intent element requires showing that the defendant acted with the purpose of harming competition or maintaining its monopoly. The scenario describes a software developer in New Hampshire, “Granite Solutions,” which dominates the market for specialized accounting software for small businesses in the state. Granite Solutions then begins offering its software at a significantly reduced price to new customers, but only if they agree to a five-year exclusive contract and purchase its complementary data backup service, which is priced above market value. This practice forecloses competitors from a substantial portion of the market for accounting software for new small businesses in New Hampshire and leverages its dominant position to sell an ancillary service. The exclusive contract and bundled offering, coupled with the below-cost pricing for the software (which is a predatory pricing element), are exclusionary tactics designed to maintain Granite Solutions’ monopoly. The question asks about the likely antitrust violation under New Hampshire law. Given these facts, the most appropriate characterization is monopolization and predatory pricing, as defined and prohibited by RSA 356:3. The exclusive dealing aspect also contributes to the foreclosure of competition.
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                        Question 2 of 30
2. Question
Consider a scenario where “Granite State Widgets Inc.” (GSW), a dominant manufacturer of specialized industrial widgets in New Hampshire, acquires a significant minority stake in “Pinnacle Parts LLC,” a key supplier of essential raw materials for widget production. GSW then uses its influence to persuade Pinnacle Parts to significantly increase the price of these raw materials exclusively for GSW’s direct competitors in the New Hampshire market, while maintaining stable pricing for GSW. This action leads to several smaller widget manufacturers in the state being forced to cease operations due to unsustainable input costs. Under New Hampshire’s antitrust statutes, which of the following best characterizes GSW’s conduct and its potential liability?
Correct
New Hampshire’s antitrust laws, particularly RSA 356:1 through RSA 356:25, prohibit anticompetitive practices. RSA 356:3 specifically addresses monopolization and attempts to monopolize. To establish a violation of this statute, a plaintiff must demonstrate that a party has engaged in conduct that, with intent to monopolize, has the effect of controlling prices or excluding competition in a relevant market. This requires proving both the possession of monopoly power in the relevant market and the willful acquisition or maintenance of that power, as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident. The relevant market is defined by both product and geographic scope. Product market refers to the interchangeability of products and services, while geographic market refers to the area in which the seller operates and to which the buyer can practically turn for supplies. The intent element is crucial; it’s not enough to simply be a monopoly; the monopoly must be achieved through anticompetitive means. For example, predatory pricing, exclusive dealing arrangements that foreclose competition, or refusal to deal with competitors on reasonable terms can all be evidence of intent to monopolize. The statute is interpreted in light of federal antitrust laws, meaning New Hampshire courts often look to federal precedent for guidance.
Incorrect
New Hampshire’s antitrust laws, particularly RSA 356:1 through RSA 356:25, prohibit anticompetitive practices. RSA 356:3 specifically addresses monopolization and attempts to monopolize. To establish a violation of this statute, a plaintiff must demonstrate that a party has engaged in conduct that, with intent to monopolize, has the effect of controlling prices or excluding competition in a relevant market. This requires proving both the possession of monopoly power in the relevant market and the willful acquisition or maintenance of that power, as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident. The relevant market is defined by both product and geographic scope. Product market refers to the interchangeability of products and services, while geographic market refers to the area in which the seller operates and to which the buyer can practically turn for supplies. The intent element is crucial; it’s not enough to simply be a monopoly; the monopoly must be achieved through anticompetitive means. For example, predatory pricing, exclusive dealing arrangements that foreclose competition, or refusal to deal with competitors on reasonable terms can all be evidence of intent to monopolize. The statute is interpreted in light of federal antitrust laws, meaning New Hampshire courts often look to federal precedent for guidance.
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                        Question 3 of 30
3. Question
Consider a scenario in Concord, New Hampshire, where a dominant regional distributor of specialized medical equipment, “Granite Health Supplies,” enters into exclusive supply agreements with all independent medical clinics in the state. These agreements prevent the clinics from purchasing equipment from any other supplier, even if those suppliers offer more competitive pricing or innovative products. This arrangement significantly limits the ability of smaller, out-of-state medical equipment manufacturers to enter the New Hampshire market and reduces the choices available to New Hampshire healthcare providers. Which of the following actions, if taken by the New Hampshire Attorney General, would most likely be based on a violation of New Hampshire’s specific antitrust statutes, rather than solely on federal antitrust law?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., specifically addresses anticompetitive practices within the state. While federal antitrust laws like the Sherman Act and Clayton Act provide a broad framework, New Hampshire law often has specific nuances. RSA 356:2 prohibits monopolization, attempts to monopolize, and conspiracies to monopolize trade or commerce within New Hampshire. It also prohibits price fixing, bid rigging, and market allocation among competitors. RSA 356:3 addresses unlawful restraints of trade, which can encompass a wide range of agreements or actions that lessen competition. The key to determining whether a practice violates these statutes lies in its effect on competition within New Hampshire. For instance, a merger between two New Hampshire-based companies that significantly reduces competition in a specific local market, such as the market for artisanal cheese in the Monadnock region, would likely fall under the purview of the New Hampshire Antitrust Act. The analysis would involve assessing market share, barriers to entry, the nature of the product or service, and the potential for anticompetitive effects post-merger. The Act allows for both public enforcement by the Attorney General and private actions for treble damages and injunctive relief. The question asks about a situation that would be exclusively covered by state law, implying a scenario where federal jurisdiction might be less direct or where the specific impact is most acutely felt at the state level. A local exclusive dealing arrangement that stifles competition among small, New Hampshire-based businesses, without necessarily meeting the higher threshold for interstate commerce impact required for some federal claims, would be a prime example.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., specifically addresses anticompetitive practices within the state. While federal antitrust laws like the Sherman Act and Clayton Act provide a broad framework, New Hampshire law often has specific nuances. RSA 356:2 prohibits monopolization, attempts to monopolize, and conspiracies to monopolize trade or commerce within New Hampshire. It also prohibits price fixing, bid rigging, and market allocation among competitors. RSA 356:3 addresses unlawful restraints of trade, which can encompass a wide range of agreements or actions that lessen competition. The key to determining whether a practice violates these statutes lies in its effect on competition within New Hampshire. For instance, a merger between two New Hampshire-based companies that significantly reduces competition in a specific local market, such as the market for artisanal cheese in the Monadnock region, would likely fall under the purview of the New Hampshire Antitrust Act. The analysis would involve assessing market share, barriers to entry, the nature of the product or service, and the potential for anticompetitive effects post-merger. The Act allows for both public enforcement by the Attorney General and private actions for treble damages and injunctive relief. The question asks about a situation that would be exclusively covered by state law, implying a scenario where federal jurisdiction might be less direct or where the specific impact is most acutely felt at the state level. A local exclusive dealing arrangement that stifles competition among small, New Hampshire-based businesses, without necessarily meeting the higher threshold for interstate commerce impact required for some federal claims, would be a prime example.
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                        Question 4 of 30
4. Question
Consider a New Hampshire-based software company, Granite Solutions Inc., which develops specialized accounting software for small businesses. A competitor, Merrimack Data Corp., also operating in New Hampshire, begins a campaign of offering its software at prices significantly below its average variable cost for a sustained period, specifically targeting areas where Granite Solutions Inc. has its largest customer base. This aggressive pricing strategy has resulted in Granite Solutions Inc. losing several key contracts and experiencing a substantial decrease in revenue, forcing it to consider layoffs. Merrimack Data Corp. has a dominant market share in the relevant New Hampshire market for small business accounting software. What is the most likely antitrust claim that Granite Solutions Inc. could pursue against Merrimack Data Corp. under New Hampshire’s antitrust statutes, and what is the primary element Merrimack Data Corp. must have engaged in to be found liable for monopolization?
Correct
New Hampshire’s antitrust laws, primarily found in RSA Chapter 356, prohibit anticompetitive practices that harm consumers and the economy. Section 356:2 specifically addresses monopolization and attempts to monopolize. To establish a violation of RSA 356:2, a plaintiff must demonstrate that a party has engaged in conduct that, with the requisite intent, has or is likely to achieve monopoly power in a relevant market, and has used exclusionary or predatory tactics to acquire or maintain that power. The statute draws parallels with federal antitrust law, particularly Section 2 of the Sherman Act, allowing for the application of federal interpretations where consistent. The analysis involves defining the relevant product and geographic market, assessing the defendant’s market share and power within that market, and evaluating the nature of the challenged conduct. Conduct is typically deemed anticompetitive if it lacks a legitimate business justification and serves to foreclose competition unreasonably. For instance, predatory pricing, where a firm sells below cost to drive out competitors, or exclusive dealing arrangements that substantially lessen competition can be violations. The intent element is crucial; the conduct must be undertaken with the specific purpose of harming competition or achieving monopoly power, not merely as a byproduct of successful competition. The statute provides for both injunctive relief and treble damages, along with attorneys’ fees, for successful plaintiffs. The question focuses on the elements required to prove monopolization under New Hampshire law, which mirrors the federal standard of conduct plus monopoly power, coupled with specific intent.
Incorrect
New Hampshire’s antitrust laws, primarily found in RSA Chapter 356, prohibit anticompetitive practices that harm consumers and the economy. Section 356:2 specifically addresses monopolization and attempts to monopolize. To establish a violation of RSA 356:2, a plaintiff must demonstrate that a party has engaged in conduct that, with the requisite intent, has or is likely to achieve monopoly power in a relevant market, and has used exclusionary or predatory tactics to acquire or maintain that power. The statute draws parallels with federal antitrust law, particularly Section 2 of the Sherman Act, allowing for the application of federal interpretations where consistent. The analysis involves defining the relevant product and geographic market, assessing the defendant’s market share and power within that market, and evaluating the nature of the challenged conduct. Conduct is typically deemed anticompetitive if it lacks a legitimate business justification and serves to foreclose competition unreasonably. For instance, predatory pricing, where a firm sells below cost to drive out competitors, or exclusive dealing arrangements that substantially lessen competition can be violations. The intent element is crucial; the conduct must be undertaken with the specific purpose of harming competition or achieving monopoly power, not merely as a byproduct of successful competition. The statute provides for both injunctive relief and treble damages, along with attorneys’ fees, for successful plaintiffs. The question focuses on the elements required to prove monopolization under New Hampshire law, which mirrors the federal standard of conduct plus monopoly power, coupled with specific intent.
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                        Question 5 of 30
5. Question
GrocerMart, a large supermarket chain with a significant market share in Concord, New Hampshire, has recently opened a new store. To gain market dominance, GrocerMart began selling milk at \$2.50 per gallon, a price demonstrably below its average total cost of \$2.80 per gallon for milk. This pricing strategy is intended to force its smaller competitor, “Local Foods,” which cannot sustain such low prices, out of business. GrocerMart’s internal documents indicate a plan to increase milk prices to \$3.50 per gallon once Local Foods has closed. Which New Hampshire antitrust statute is most likely violated by GrocerMart’s pricing practices, and what is the primary legal standard to consider in evaluating this conduct?
Correct
The scenario involves a potential violation of New Hampshire’s antitrust laws, specifically concerning predatory pricing. Predatory pricing occurs when a business sets prices below cost with the intent to drive out competitors, and then plans to raise prices once competition is eliminated. New Hampshire Revised Statutes Annotated (RSA) Chapter 356, “Monopolies and Restraint of Trade,” prohibits anticompetitive practices. RSA 356:3 specifically addresses unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce within New Hampshire. While RSA 356:2 prohibits price fixing and other horizontal restraints, RSA 356:3 provides a broader basis for challenging conduct that harms competition. To establish predatory pricing under New Hampshire law, it is generally necessary to demonstrate that: 1) the prices charged by the dominant firm were below an appropriate measure of its costs; and 2) the dominant firm had a dangerous probability of recouping its losses by raising prices after eliminating competition. The appropriate measure of cost can be average variable cost (AVC) or average total cost (ATC), depending on the specific jurisdiction and the nature of the market. However, New Hampshire courts, like many federal courts, often look to whether prices are below AVC as a strong indicator of predatory intent, though not always dispositive. The intent to monopolize or gain an unfair competitive advantage is crucial. In this case, “GrocerMart” is a dominant player in the Concord area. They lowered prices on essential goods to levels below their average total cost (ATC). The calculation to determine if prices are below ATC would involve summing all costs (fixed and variable) and dividing by the number of units sold. If GrocerMart’s price for milk is \$2.50 and their ATC for milk is \$2.80, then the price is below ATC. The intent to eliminate “Local Foods” and subsequent plans to raise prices are key elements suggesting predatory behavior. The absence of a legitimate business justification for the price reduction, such as a genuine attempt to clear excess inventory or a response to a competitor’s equally low pricing, further supports the predatory intent. Therefore, GrocerMart’s actions likely violate RSA 356:3.
Incorrect
The scenario involves a potential violation of New Hampshire’s antitrust laws, specifically concerning predatory pricing. Predatory pricing occurs when a business sets prices below cost with the intent to drive out competitors, and then plans to raise prices once competition is eliminated. New Hampshire Revised Statutes Annotated (RSA) Chapter 356, “Monopolies and Restraint of Trade,” prohibits anticompetitive practices. RSA 356:3 specifically addresses unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce within New Hampshire. While RSA 356:2 prohibits price fixing and other horizontal restraints, RSA 356:3 provides a broader basis for challenging conduct that harms competition. To establish predatory pricing under New Hampshire law, it is generally necessary to demonstrate that: 1) the prices charged by the dominant firm were below an appropriate measure of its costs; and 2) the dominant firm had a dangerous probability of recouping its losses by raising prices after eliminating competition. The appropriate measure of cost can be average variable cost (AVC) or average total cost (ATC), depending on the specific jurisdiction and the nature of the market. However, New Hampshire courts, like many federal courts, often look to whether prices are below AVC as a strong indicator of predatory intent, though not always dispositive. The intent to monopolize or gain an unfair competitive advantage is crucial. In this case, “GrocerMart” is a dominant player in the Concord area. They lowered prices on essential goods to levels below their average total cost (ATC). The calculation to determine if prices are below ATC would involve summing all costs (fixed and variable) and dividing by the number of units sold. If GrocerMart’s price for milk is \$2.50 and their ATC for milk is \$2.80, then the price is below ATC. The intent to eliminate “Local Foods” and subsequent plans to raise prices are key elements suggesting predatory behavior. The absence of a legitimate business justification for the price reduction, such as a genuine attempt to clear excess inventory or a response to a competitor’s equally low pricing, further supports the predatory intent. Therefore, GrocerMart’s actions likely violate RSA 356:3.
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                        Question 6 of 30
6. Question
A dominant software provider in New Hampshire, “GraniteSoft,” which holds a substantial market share for its specialized accounting software used by small businesses across the state, begins offering a bundled package that includes its accounting software along with a new, unrelated data analytics tool at a price significantly lower than the combined standalone prices of similar products from competitors. Several smaller software companies that offer only data analytics tools, and which compete with GraniteSoft’s new offering, complain to the New Hampshire Attorney General’s office, alleging that GraniteSoft’s pricing strategy is an attempt to monopolize the data analytics market by leveraging its dominance in the accounting software market. Analysis of GraniteSoft’s pricing reveals that the bundled price, when allocated to the data analytics tool, is indeed below GraniteSoft’s average variable cost for producing that tool, but the overall bundle remains profitable due to the high margins on the accounting software. There is also evidence suggesting that GraniteSoft intends to raise the price of the data analytics tool once its competitors are forced out of the market. What is the most likely outcome of an antitrust investigation by the New Hampshire Attorney General’s office concerning this bundled pricing strategy under RSA 356:2, I?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices that harm consumers and competition within the state. A key aspect of this act, similar to federal antitrust law, is the prohibition of monopolization and attempts to monopolize. Monopolization under RSA 356:2, I involves the willful acquisition or maintenance of power in a relevant market for a product or service, coupled with the exclusion or injury of competition. This requires proof of both monopoly power and an intent to maintain that power through exclusionary conduct, rather than through superior product, business acumen, or historic accident. Predatory pricing, a strategy where a firm lowers prices below cost to drive out competitors, can be a form of exclusionary conduct. However, establishing predatory pricing requires demonstrating that the prices were below an appropriate measure of cost and that the firm had a dangerous probability of recouping its losses once competitors were eliminated. The relevant market definition, encompassing both the product market and geographic market, is crucial in assessing monopoly power. In New Hampshire, courts consider factors such as product interchangeability and cross-elasticity of demand to define the product market, and the geographic scope where consumers can practicably turn for alternative supplies. Without evidence of prices being below cost or a likelihood of recoupment, a claim of predatory pricing as a monopolization tactic would likely fail. The absence of a specific RSA section defining “predatory pricing” does not preclude its treatment as exclusionary conduct under RSA 356:2, I, provided the elements of monopolization are met.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices that harm consumers and competition within the state. A key aspect of this act, similar to federal antitrust law, is the prohibition of monopolization and attempts to monopolize. Monopolization under RSA 356:2, I involves the willful acquisition or maintenance of power in a relevant market for a product or service, coupled with the exclusion or injury of competition. This requires proof of both monopoly power and an intent to maintain that power through exclusionary conduct, rather than through superior product, business acumen, or historic accident. Predatory pricing, a strategy where a firm lowers prices below cost to drive out competitors, can be a form of exclusionary conduct. However, establishing predatory pricing requires demonstrating that the prices were below an appropriate measure of cost and that the firm had a dangerous probability of recouping its losses once competitors were eliminated. The relevant market definition, encompassing both the product market and geographic market, is crucial in assessing monopoly power. In New Hampshire, courts consider factors such as product interchangeability and cross-elasticity of demand to define the product market, and the geographic scope where consumers can practicably turn for alternative supplies. Without evidence of prices being below cost or a likelihood of recoupment, a claim of predatory pricing as a monopolization tactic would likely fail. The absence of a specific RSA section defining “predatory pricing” does not preclude its treatment as exclusionary conduct under RSA 356:2, I, provided the elements of monopolization are met.
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                        Question 7 of 30
7. Question
A new artisanal bakery, “Granite Sourdough,” opens in Concord, New Hampshire, offering premium loaves at a price point significantly lower than established bakeries like “The Daily Crumb.” The Daily Crumb’s owner observes that Granite Sourdough’s prices appear to be below their own cost of production for comparable items, and they suspect Granite Sourdough is intentionally undercutting them to drive them out of business before raising prices once they have a monopoly on high-quality sourdough in the area. However, Granite Sourdough is a new business that might be using initial lower prices as a market entry strategy to build a customer base, potentially absorbing some initial operational costs. Under New Hampshire Antitrust Act (RSA Chapter 356), what is the most critical element that The Daily Crumb would need to prove to successfully establish a claim of predatory pricing against Granite Sourdough?
Correct
The New Hampshire Antitrust Act, RSA Chapter 356, prohibits anticompetitive practices. Specifically, RSA 356:11 addresses predatory pricing, which occurs when a dominant firm sells below cost to eliminate competition, with the intent to later raise prices. To establish a violation of predatory pricing under New Hampshire law, the plaintiff must demonstrate that the defendant engaged in pricing below an appropriate measure of cost and that there is a dangerous probability that the defendant will recoup its losses by raising prices after competition is eliminated. New Hampshire law does not mandate a specific cost measure, but courts often consider average variable cost as a benchmark. The key is the intent to destroy competition and the likelihood of recoupment. In this scenario, the competitor’s pricing strategy, while aggressive, does not inherently demonstrate pricing below cost with the intent to eliminate competition and recoup losses. The fact that the competitor is a new entrant and may be absorbing initial costs or using promotional pricing to gain market share does not automatically equate to predatory pricing. The focus remains on whether the pricing is demonstrably below cost and designed to create a monopoly for future price increases. Without evidence of pricing below an appropriate cost measure and a clear intent and likelihood of recoupment, the conduct does not violate RSA 356:11. The scenario does not provide sufficient information to conclude that the pricing is predatory under New Hampshire’s antitrust framework.
Incorrect
The New Hampshire Antitrust Act, RSA Chapter 356, prohibits anticompetitive practices. Specifically, RSA 356:11 addresses predatory pricing, which occurs when a dominant firm sells below cost to eliminate competition, with the intent to later raise prices. To establish a violation of predatory pricing under New Hampshire law, the plaintiff must demonstrate that the defendant engaged in pricing below an appropriate measure of cost and that there is a dangerous probability that the defendant will recoup its losses by raising prices after competition is eliminated. New Hampshire law does not mandate a specific cost measure, but courts often consider average variable cost as a benchmark. The key is the intent to destroy competition and the likelihood of recoupment. In this scenario, the competitor’s pricing strategy, while aggressive, does not inherently demonstrate pricing below cost with the intent to eliminate competition and recoup losses. The fact that the competitor is a new entrant and may be absorbing initial costs or using promotional pricing to gain market share does not automatically equate to predatory pricing. The focus remains on whether the pricing is demonstrably below cost and designed to create a monopoly for future price increases. Without evidence of pricing below an appropriate cost measure and a clear intent and likelihood of recoupment, the conduct does not violate RSA 356:11. The scenario does not provide sufficient information to conclude that the pricing is predatory under New Hampshire’s antitrust framework.
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                        Question 8 of 30
8. Question
Consider a scenario where “Radiant Scans,” a new provider of advanced diagnostic imaging services in the greater Concord, New Hampshire area, begins offering its services at prices significantly below the cost of production for its established competitors, “Precision Imaging” and “Vital Diagnostics.” Radiant Scans’ stated objective, as communicated in internal memos, is to “clear the market of inefficient players” before raising its prices to recoup its initial losses and establish a premium pricing structure. Precision Imaging and Vital Diagnostics, unable to sustain such losses, are forced to cease operations. Following this, Radiant Scans immediately implements a substantial price increase for its services, which are now the only readily available option for many patients in the region. Under New Hampshire Antitrust Law, what is the most accurate characterization of Radiant Scans’ conduct?
Correct
The New Hampshire Antitrust Act, RSA 356:1, prohibits monopolization and attempts to monopolize. Monopolization under New Hampshire law, similar to federal law, generally requires proof of (1) the possession of monopoly power in the relevant market and (2) the willful acquisition or maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident. The relevant market is defined by both product and geographic dimensions. Product market refers to the interchangeability of products and services. Geographic market refers to the area in which the seller operates and to which the buyer can practicably turn for supplies. For a firm to possess monopoly power, it must have a dominant share of the relevant market, and there must be high barriers to entry that prevent competitors from challenging its position. Willful acquisition or maintenance involves predatory or exclusionary conduct, not simply achieving success through legitimate means. In this scenario, the acquisition of a substantial market share through aggressive, below-cost pricing specifically designed to drive out competitors, coupled with a clear intent to raise prices once competition is eliminated, demonstrates the willful acquisition and maintenance of monopoly power. This conduct goes beyond superior business strategy and constitutes exclusionary behavior. The relevant market appears to be the provision of specialized diagnostic imaging services within the greater Concord metropolitan area. The predatory pricing strategy directly targets competitors, aiming to eliminate them rather than outcompete them on merit. This aligns with the “willful acquisition or maintenance” prong of monopolization.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1, prohibits monopolization and attempts to monopolize. Monopolization under New Hampshire law, similar to federal law, generally requires proof of (1) the possession of monopoly power in the relevant market and (2) the willful acquisition or maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident. The relevant market is defined by both product and geographic dimensions. Product market refers to the interchangeability of products and services. Geographic market refers to the area in which the seller operates and to which the buyer can practicably turn for supplies. For a firm to possess monopoly power, it must have a dominant share of the relevant market, and there must be high barriers to entry that prevent competitors from challenging its position. Willful acquisition or maintenance involves predatory or exclusionary conduct, not simply achieving success through legitimate means. In this scenario, the acquisition of a substantial market share through aggressive, below-cost pricing specifically designed to drive out competitors, coupled with a clear intent to raise prices once competition is eliminated, demonstrates the willful acquisition and maintenance of monopoly power. This conduct goes beyond superior business strategy and constitutes exclusionary behavior. The relevant market appears to be the provision of specialized diagnostic imaging services within the greater Concord metropolitan area. The predatory pricing strategy directly targets competitors, aiming to eliminate them rather than outcompete them on merit. This aligns with the “willful acquisition or maintenance” prong of monopolization.
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                        Question 9 of 30
9. Question
Consider the hypothetical scenario of “Granite State Widgets,” a dominant manufacturer of specialized widget components in New Hampshire. Granite State Widgets holds an estimated 85% market share within the state for its unique, patented component, which is essential for the production of a widely used consumer electronic device. A smaller competitor, “Monadnock Manufacturing,” alleges that Granite State Widgets has engaged in monopolistic practices by implementing a new pricing strategy and a restrictive supply agreement with key distributors. The pricing strategy involves significantly undercutting Monadnock Manufacturing’s prices on components that are not patented, making it difficult for Monadnock to remain profitable on those non-patented items. Furthermore, Granite State Widgets has entered into exclusive dealing contracts with the top three distributors in New Hampshire, preventing them from carrying components from any other manufacturer for a period of five years. Under the New Hampshire Antitrust Act, what is the most crucial factor that Monadnock Manufacturing would need to establish to prove monopolization by Granite State Widgets, beyond just the high market share?
Correct
The New Hampshire Antitrust Act, RSA Chapter 356, prohibits monopolization and attempts to monopolize. A key element in proving monopolization is demonstrating that a firm possesses monopoly power in a relevant market and has engaged in exclusionary conduct. Monopoly power is typically assessed by examining a firm’s market share and its ability to control prices or exclude competition. While a high market share is a strong indicator, it is not solely determinative. The Act, mirroring federal antitrust principles, considers factors such as the firm’s ability to raise prices above competitive levels for a sustained period, the ease with which competitors can enter the market, and the degree to which the firm’s success is attributable to superior skill, foresight, and industry rather than to the exploitation of its market position. Exclusionary conduct refers to actions taken by the dominant firm that are intended to harm competition, not just competitors, and that lack a legitimate business justification. Such conduct might include predatory pricing, exclusive dealing arrangements that foreclose a substantial portion of the market, or tying arrangements that leverage monopoly power in one market to gain an unfair advantage in another. The analysis under New Hampshire law requires a careful examination of both market power and the nature of the challenged conduct, often involving sophisticated economic analysis to define the relevant market and assess anticompetitive effects.
Incorrect
The New Hampshire Antitrust Act, RSA Chapter 356, prohibits monopolization and attempts to monopolize. A key element in proving monopolization is demonstrating that a firm possesses monopoly power in a relevant market and has engaged in exclusionary conduct. Monopoly power is typically assessed by examining a firm’s market share and its ability to control prices or exclude competition. While a high market share is a strong indicator, it is not solely determinative. The Act, mirroring federal antitrust principles, considers factors such as the firm’s ability to raise prices above competitive levels for a sustained period, the ease with which competitors can enter the market, and the degree to which the firm’s success is attributable to superior skill, foresight, and industry rather than to the exploitation of its market position. Exclusionary conduct refers to actions taken by the dominant firm that are intended to harm competition, not just competitors, and that lack a legitimate business justification. Such conduct might include predatory pricing, exclusive dealing arrangements that foreclose a substantial portion of the market, or tying arrangements that leverage monopoly power in one market to gain an unfair advantage in another. The analysis under New Hampshire law requires a careful examination of both market power and the nature of the challenged conduct, often involving sophisticated economic analysis to define the relevant market and assess anticompetitive effects.
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                        Question 10 of 30
10. Question
A burgeoning software firm, “GraniteSoft,” has achieved a dominant market share of 85% in the specialized market for project management software tailored for New Hampshire’s construction industry. This dominance was achieved through aggressive pricing and superior product features. A competitor, “Maplewood Solutions,” which holds a 5% market share, alleges that GraniteSoft is violating New Hampshire’s antitrust laws by bundling its project management software with its recently launched cloud-based data storage service, a service that Maplewood Solutions does not offer. Maplewood Solutions claims this bundling practice makes it significantly harder for them to compete, as many clients prefer integrated solutions. GraniteSoft argues that the bundling is a legitimate business strategy to offer greater value to customers and to leverage its existing customer base for a new service, and that Maplewood Solutions can still offer its standalone project management software. Under New Hampshire antitrust law, what is the primary legal hurdle Maplewood Solutions must overcome to prove GraniteSoft engaged in illegal monopolization or attempted monopolization through this bundling practice?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices. Specifically, RSA 356:3 addresses monopolization and attempts to monopolize. To establish a violation of RSA 356:3, a plaintiff must demonstrate that a party possessed monopoly power in a relevant market and engaged in conduct that was exclusionary or predatory, with the specific intent to maintain or acquire that monopoly. Monopoly power is generally assessed by market share, but also by other factors such as barriers to entry and the ability to control prices or exclude competition. Predatory conduct refers to actions that harm competition rather than simply outcompeting rivals on the merits. The Act’s enforcement is overseen by the New Hampshire Attorney General, who can bring civil and criminal actions. Private parties can also sue for damages, which are typically treble damages, plus costs and reasonable attorney fees, as provided by RSA 356:10. In assessing whether conduct is predatory, courts often look for actions that lack a legitimate business justification and are undertaken with the purpose of stifling competition. The Act is interpreted in light of federal antitrust law, particularly the Sherman Act, where consistent. Therefore, a firm that lawfully gains a dominant market share through superior products or business acumen is not necessarily in violation, but must refrain from using that position to unfairly exclude competitors. The key is the intent and effect of the conduct.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices. Specifically, RSA 356:3 addresses monopolization and attempts to monopolize. To establish a violation of RSA 356:3, a plaintiff must demonstrate that a party possessed monopoly power in a relevant market and engaged in conduct that was exclusionary or predatory, with the specific intent to maintain or acquire that monopoly. Monopoly power is generally assessed by market share, but also by other factors such as barriers to entry and the ability to control prices or exclude competition. Predatory conduct refers to actions that harm competition rather than simply outcompeting rivals on the merits. The Act’s enforcement is overseen by the New Hampshire Attorney General, who can bring civil and criminal actions. Private parties can also sue for damages, which are typically treble damages, plus costs and reasonable attorney fees, as provided by RSA 356:10. In assessing whether conduct is predatory, courts often look for actions that lack a legitimate business justification and are undertaken with the purpose of stifling competition. The Act is interpreted in light of federal antitrust law, particularly the Sherman Act, where consistent. Therefore, a firm that lawfully gains a dominant market share through superior products or business acumen is not necessarily in violation, but must refrain from using that position to unfairly exclude competitors. The key is the intent and effect of the conduct.
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                        Question 11 of 30
11. Question
A prominent producer of artisanal cheeses in New Hampshire, “Granite Gouda,” which holds a substantial portion of the state’s market for aged cheddar, has aggressively reduced its prices for this product to a level demonstrably below its average variable cost. This pricing strategy is explicitly aimed at forcing a newly established, smaller competitor, “Riverbend Ricotta,” to exit the market. If “Riverbend Ricotta” ceases operations, “Granite Gouda” intends to subsequently increase its prices to levels that would allow it to recover the losses incurred during the predatory pricing period. Under the New Hampshire Antitrust Act, specifically focusing on monopolization and attempts to monopolize, what is the critical element that “Riverbend Ricotta” must prove to successfully establish a claim of predatory pricing against “Granite Gouda”?
Correct
The scenario describes a situation where a dominant firm in the New Hampshire market for specialized artisanal cheese, “Granite Gouda,” is accused of engaging in predatory pricing. Granite Gouda, which controls a significant market share, has drastically lowered its prices for its flagship product to a level below its average variable cost. This action is intended to drive out a smaller competitor, “Maplewood Mozzarella,” which has recently entered the market and is known for its high-quality, locally sourced ingredients. The New Hampshire Antitrust Act, specifically RSA 356:3, prohibits monopolization and attempts to monopolize, which includes predatory pricing practices that aim to eliminate competition. Predatory pricing involves pricing below cost with the intent to recoup losses by raising prices once competition is eliminated. To establish predatory pricing under New Hampshire law, the plaintiff must demonstrate that the defendant has a dangerous probability of recouping its losses. This typically requires showing that the defendant has sufficient market power to raise prices significantly after the competitor is eliminated and that the predatory pricing scheme is likely to be profitable. The below-cost pricing, coupled with the intent to harm a competitor, forms the basis of the claim. The specific cost metric used is crucial; pricing below average variable cost is a strong indicator of predatory intent, as it suggests the firm is not even covering the direct costs of producing each unit. The legal analysis would focus on whether Granite Gouda’s actions meet the threshold for an illegal monopolization attempt under RSA 356:3 by demonstrating exclusionary intent and a likelihood of recoupment, thereby harming competition in the New Hampshire artisanal cheese market.
Incorrect
The scenario describes a situation where a dominant firm in the New Hampshire market for specialized artisanal cheese, “Granite Gouda,” is accused of engaging in predatory pricing. Granite Gouda, which controls a significant market share, has drastically lowered its prices for its flagship product to a level below its average variable cost. This action is intended to drive out a smaller competitor, “Maplewood Mozzarella,” which has recently entered the market and is known for its high-quality, locally sourced ingredients. The New Hampshire Antitrust Act, specifically RSA 356:3, prohibits monopolization and attempts to monopolize, which includes predatory pricing practices that aim to eliminate competition. Predatory pricing involves pricing below cost with the intent to recoup losses by raising prices once competition is eliminated. To establish predatory pricing under New Hampshire law, the plaintiff must demonstrate that the defendant has a dangerous probability of recouping its losses. This typically requires showing that the defendant has sufficient market power to raise prices significantly after the competitor is eliminated and that the predatory pricing scheme is likely to be profitable. The below-cost pricing, coupled with the intent to harm a competitor, forms the basis of the claim. The specific cost metric used is crucial; pricing below average variable cost is a strong indicator of predatory intent, as it suggests the firm is not even covering the direct costs of producing each unit. The legal analysis would focus on whether Granite Gouda’s actions meet the threshold for an illegal monopolization attempt under RSA 356:3 by demonstrating exclusionary intent and a likelihood of recoupment, thereby harming competition in the New Hampshire artisanal cheese market.
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                        Question 12 of 30
12. Question
Consider a scenario in New Hampshire where three independent lumber suppliers, operating in distinct geographic areas within the state but serving a common customer base, simultaneously increase their prices by 5% following a widely publicized increase in raw material costs. There is no evidence of direct communication, meetings, or any form of explicit agreement between these suppliers regarding their pricing strategies. Based on the principles of New Hampshire antitrust law, what is the most accurate assessment of this situation?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices within the state. One crucial aspect of this act is its treatment of concerted action, which requires evidence of an agreement or understanding between separate entities to restrain trade. For instance, a unilateral refusal to deal by a single firm, even if it has significant market power, generally does not violate the Act unless it is part of a broader conspiracy. The question hinges on discerning whether the actions described constitute a conspiracy or merely independent business decisions. In the given scenario, the actions of the three lumber suppliers in independently adjusting their pricing after observing market shifts, without any communication or coordination between them, points towards independent decision-making rather than a collusive agreement. The lack of evidence of a meeting of the minds or a shared understanding to fix prices or allocate markets is critical. Therefore, their parallel price adjustments, while potentially indicative of market awareness, do not inherently establish a violation of the New Hampshire Antitrust Act, which specifically targets agreements to restrain trade. The Act’s focus is on preventing conspiracies, not on punishing firms for responding to market signals in isolation. The absence of any evidence of communication or a common scheme among the suppliers is the determining factor in concluding that no violation has occurred.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices within the state. One crucial aspect of this act is its treatment of concerted action, which requires evidence of an agreement or understanding between separate entities to restrain trade. For instance, a unilateral refusal to deal by a single firm, even if it has significant market power, generally does not violate the Act unless it is part of a broader conspiracy. The question hinges on discerning whether the actions described constitute a conspiracy or merely independent business decisions. In the given scenario, the actions of the three lumber suppliers in independently adjusting their pricing after observing market shifts, without any communication or coordination between them, points towards independent decision-making rather than a collusive agreement. The lack of evidence of a meeting of the minds or a shared understanding to fix prices or allocate markets is critical. Therefore, their parallel price adjustments, while potentially indicative of market awareness, do not inherently establish a violation of the New Hampshire Antitrust Act, which specifically targets agreements to restrain trade. The Act’s focus is on preventing conspiracies, not on punishing firms for responding to market signals in isolation. The absence of any evidence of communication or a common scheme among the suppliers is the determining factor in concluding that no violation has occurred.
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                        Question 13 of 30
13. Question
A regional provider of specialized medical equipment in New Hampshire, “Granite Health Solutions,” has been accused by a smaller competitor, “Pioneer Medical Supplies,” of engaging in anticompetitive practices aimed at driving Pioneer out of business. Pioneer alleges that Granite Health Solutions, which holds a dominant market share for certain diagnostic imaging machines within the state, has entered into exclusive long-term contracts with nearly all major hospitals in New Hampshire. These contracts prevent other suppliers, including Pioneer, from servicing these hospitals for the duration of the contracts, which average five years. Pioneer argues this strategy forecloses them from a substantial portion of the relevant market and creates a dangerous probability of Granite Health Solutions achieving outright monopoly power in the state for these specific machines. What is the primary legal hurdle Pioneer Medical Supplies must overcome to establish a claim of attempted monopolization under New Hampshire’s antitrust laws, specifically RSA 356:2, concerning Granite Health Solutions’ exclusive contracting practices?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., mirrors many federal antitrust principles but also contains specific provisions. When considering a claim of attempted monopolization under RSA 356:2, which prohibits monopolization and attempts to monopolize, the focus is on the conduct of a single firm. The elements generally require a showing of (1) the possession of monopoly power in the relevant market, or a dangerous probability of achieving it, and (2) the willful acquisition or maintenance of that power through exclusionary or predatory conduct, rather than through growth or development as a consequence of a superior product, business acumen, or historic accident. The relevant market definition is crucial, encompassing both the product market and the geographic market within which the alleged monopolistic practices occur. In New Hampshire, as in federal law, the analysis of exclusionary conduct often involves assessing whether the conduct harms competition itself, rather than merely harming competitors. This means demonstrating that the conduct forecloses a significant portion of the market to competitors or raises barriers to entry. The intent of the actor is also a factor, but it is the effect on competition that is paramount. For instance, predatory pricing, where a firm sells below cost to drive out rivals, would be a classic example of such conduct. Similarly, exclusive dealing arrangements that significantly restrict market access for competitors could also be scrutinized. The absence of a dangerous probability of monopolization, or a failure to demonstrate the anticompetitive nature of the conduct, would lead to the dismissal of such a claim.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., mirrors many federal antitrust principles but also contains specific provisions. When considering a claim of attempted monopolization under RSA 356:2, which prohibits monopolization and attempts to monopolize, the focus is on the conduct of a single firm. The elements generally require a showing of (1) the possession of monopoly power in the relevant market, or a dangerous probability of achieving it, and (2) the willful acquisition or maintenance of that power through exclusionary or predatory conduct, rather than through growth or development as a consequence of a superior product, business acumen, or historic accident. The relevant market definition is crucial, encompassing both the product market and the geographic market within which the alleged monopolistic practices occur. In New Hampshire, as in federal law, the analysis of exclusionary conduct often involves assessing whether the conduct harms competition itself, rather than merely harming competitors. This means demonstrating that the conduct forecloses a significant portion of the market to competitors or raises barriers to entry. The intent of the actor is also a factor, but it is the effect on competition that is paramount. For instance, predatory pricing, where a firm sells below cost to drive out rivals, would be a classic example of such conduct. Similarly, exclusive dealing arrangements that significantly restrict market access for competitors could also be scrutinized. The absence of a dangerous probability of monopolization, or a failure to demonstrate the anticompetitive nature of the conduct, would lead to the dismissal of such a claim.
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                        Question 14 of 30
14. Question
Consider a scenario in Concord, New Hampshire, where “Concord Cakes,” a well-established bakery, begins selling its signature sourdough loaves for \$1.50 each. This is a significant reduction from its previous price of \$2.50. Concord Cakes’ average total cost for producing a sourdough loaf is \$2.00, and its average variable cost is \$1.25. A smaller, newer competitor, “Artisan Breads,” which also sells sourdough loaves for \$2.50, is struggling to compete. The owner of Concord Cakes has been overheard stating, “We’ll put Artisan Breads out of business by selling so cheap, and then we’ll raise our prices back up once they’re gone.” What is the most likely antitrust concern under New Hampshire law that the Attorney General would investigate in this situation?
Correct
The scenario involves a potential violation of New Hampshire’s antitrust laws, specifically focusing on predatory pricing. Predatory pricing occurs when a business sets prices below cost with the intent to drive out competitors, and then plans to raise prices once competition is eliminated. New Hampshire’s antitrust statute, RSA 356:3, prohibits monopolization and attempts to monopolize, which can encompass predatory pricing schemes. To establish predatory pricing, a plaintiff typically needs to demonstrate that the defendant priced below an appropriate measure of its costs and that there was a dangerous probability that the defendant would recoup its losses by raising prices after eliminating competition. New Hampshire courts, like federal courts interpreting the Sherman Act, often look at average variable cost (AVC) as the relevant cost benchmark. If prices are below AVC, it’s strong evidence of predatory intent. If prices are above AVC but below average total cost (ATC), it’s less clear and requires more evidence of recoupment. In this case, the bakery’s pricing at \$1.50 per loaf is below its stated average total cost of \$2.00. While the explanation does not provide the average variable cost, pricing below ATC, combined with the explicit intent to drive “Artisan Breads” out of business and the subsequent plan to raise prices, strongly suggests a predatory intent and a likely anticompetitive effect. The Attorney General would investigate whether this pricing strategy is indeed below the relevant cost measure and if there is a realistic prospect of recoupment. The legal standard in New Hampshire requires more than just aggressive pricing; it requires proof of intent to monopolize and a dangerous probability of achieving that monopoly through the predatory conduct. The key is the anticompetitive purpose and the likelihood of market power being exercised post-predation.
Incorrect
The scenario involves a potential violation of New Hampshire’s antitrust laws, specifically focusing on predatory pricing. Predatory pricing occurs when a business sets prices below cost with the intent to drive out competitors, and then plans to raise prices once competition is eliminated. New Hampshire’s antitrust statute, RSA 356:3, prohibits monopolization and attempts to monopolize, which can encompass predatory pricing schemes. To establish predatory pricing, a plaintiff typically needs to demonstrate that the defendant priced below an appropriate measure of its costs and that there was a dangerous probability that the defendant would recoup its losses by raising prices after eliminating competition. New Hampshire courts, like federal courts interpreting the Sherman Act, often look at average variable cost (AVC) as the relevant cost benchmark. If prices are below AVC, it’s strong evidence of predatory intent. If prices are above AVC but below average total cost (ATC), it’s less clear and requires more evidence of recoupment. In this case, the bakery’s pricing at \$1.50 per loaf is below its stated average total cost of \$2.00. While the explanation does not provide the average variable cost, pricing below ATC, combined with the explicit intent to drive “Artisan Breads” out of business and the subsequent plan to raise prices, strongly suggests a predatory intent and a likely anticompetitive effect. The Attorney General would investigate whether this pricing strategy is indeed below the relevant cost measure and if there is a realistic prospect of recoupment. The legal standard in New Hampshire requires more than just aggressive pricing; it requires proof of intent to monopolize and a dangerous probability of achieving that monopoly through the predatory conduct. The key is the anticompetitive purpose and the likelihood of market power being exercised post-predation.
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                        Question 15 of 30
15. Question
Granite Sweets, a prominent distributor of artisanal maple syrup throughout New Hampshire, has recently entered into three-year exclusive dealing contracts with seventy percent of the independent maple syrup producers located within the state. These contracts stipulate that the producers cannot sell their syrup to any other entity in New Hampshire. Considering the provisions of New Hampshire’s antitrust laws, what is the most likely legal assessment of Granite Sweets’ conduct regarding its market for artisanal maple syrup in the state?
Correct
The scenario describes a situation where a dominant firm in the New Hampshire market for artisanal maple syrup, “Granite Sweets,” has entered into exclusive dealing agreements with a majority of independent maple syrup producers. These agreements prevent producers from selling their syrup to any other distributors or retailers within New Hampshire for a period of three years. The question probes the applicability of New Hampshire’s antitrust statutes to such conduct. New Hampshire Revised Statutes Annotated (RSA) Chapter 356, specifically RSA 356:3, addresses restraints of trade, which includes agreements that tend to lessen competition or create a monopoly. Exclusive dealing arrangements, when sufficiently widespread and impactful, can be considered a restraint of trade if they substantially foreclose competition in the relevant market. Granite Sweets’ actions, by securing exclusive agreements with a majority of producers, likely have such an effect in the New Hampshire artisanal maple syrup market. The statute does not require proof of a complete monopoly, but rather an intent or tendency to create one or lessen competition. Therefore, this conduct falls under the purview of RSA 356:3. The focus is on the anticompetitive effects of the exclusive dealing arrangements on the market structure and other competitors, rather than on whether Granite Sweets itself possesses a monopoly. The law aims to prevent practices that stifle competition and limit consumer choice, which exclusive dealing can achieve by making it difficult for new entrants or smaller competitors to access supply.
Incorrect
The scenario describes a situation where a dominant firm in the New Hampshire market for artisanal maple syrup, “Granite Sweets,” has entered into exclusive dealing agreements with a majority of independent maple syrup producers. These agreements prevent producers from selling their syrup to any other distributors or retailers within New Hampshire for a period of three years. The question probes the applicability of New Hampshire’s antitrust statutes to such conduct. New Hampshire Revised Statutes Annotated (RSA) Chapter 356, specifically RSA 356:3, addresses restraints of trade, which includes agreements that tend to lessen competition or create a monopoly. Exclusive dealing arrangements, when sufficiently widespread and impactful, can be considered a restraint of trade if they substantially foreclose competition in the relevant market. Granite Sweets’ actions, by securing exclusive agreements with a majority of producers, likely have such an effect in the New Hampshire artisanal maple syrup market. The statute does not require proof of a complete monopoly, but rather an intent or tendency to create one or lessen competition. Therefore, this conduct falls under the purview of RSA 356:3. The focus is on the anticompetitive effects of the exclusive dealing arrangements on the market structure and other competitors, rather than on whether Granite Sweets itself possesses a monopoly. The law aims to prevent practices that stifle competition and limit consumer choice, which exclusive dealing can achieve by making it difficult for new entrants or smaller competitors to access supply.
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                        Question 16 of 30
16. Question
Consider a scenario where “Granite State Growers,” a cooperative of apple farmers in New Hampshire, collectively agrees to restrict the supply of apples to a specific regional distributor, “Pemi Produce,” which serves a significant portion of the state’s apple market. This agreement is intended to force Pemi Produce to accept higher prices for apples than would prevail under competitive conditions. Granite State Growers controls approximately 70% of the apple production sold within New Hampshire. What specific New Hampshire antitrust statute is most directly implicated by Granite State Growers’ collective action to restrict supply and raise prices?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices. RSA 356:2, specifically addressing monopolies and monopolization, defines monopolization as the acquisition or maintenance of control of a market for a commodity or service that is the subject of interstate commerce or commerce within New Hampshire. This control must be achieved through unlawful acts or practices that are injurious to the public. The statute does not require a showing of intent to monopolize in the same way that federal law might, but rather focuses on the act of gaining or maintaining market control through wrongful means that harm competition or consumers. The critical element is the “control of a market” coupled with “unlawful acts or practices.” For a firm to be found in violation of RSA 356:2, it must possess significant market power and engage in conduct that is exclusionary or abusive, thereby harming competition. The intent behind the actions is often inferred from the nature of the conduct and its impact on the market. Therefore, establishing that a company has acquired or maintained market control through actions that are both unlawful and detrimental to the public interest is key.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive practices. RSA 356:2, specifically addressing monopolies and monopolization, defines monopolization as the acquisition or maintenance of control of a market for a commodity or service that is the subject of interstate commerce or commerce within New Hampshire. This control must be achieved through unlawful acts or practices that are injurious to the public. The statute does not require a showing of intent to monopolize in the same way that federal law might, but rather focuses on the act of gaining or maintaining market control through wrongful means that harm competition or consumers. The critical element is the “control of a market” coupled with “unlawful acts or practices.” For a firm to be found in violation of RSA 356:2, it must possess significant market power and engage in conduct that is exclusionary or abusive, thereby harming competition. The intent behind the actions is often inferred from the nature of the conduct and its impact on the market. Therefore, establishing that a company has acquired or maintained market control through actions that are both unlawful and detrimental to the public interest is key.
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                        Question 17 of 30
17. Question
Consider a scenario in New Hampshire where “Granite State Deliveries,” a new logistics company, begins offering its services to businesses in the Concord metropolitan area. To gain market traction, Granite State Deliveries sets its prices for package delivery significantly below its average total cost but still above its average variable cost. The stated objective of Granite State Deliveries is to capture a substantial portion of the market share from established competitors, such as “Merrimack Movers,” within two years. Merrimack Movers alleges that this pricing strategy constitutes illegal predatory pricing under New Hampshire law. Based on New Hampshire antitrust principles, what is the most likely legal assessment of Granite State Deliveries’ pricing strategy?
Correct
The New Hampshire Antitrust Act, specifically RSA 356:11, addresses the issue of predatory pricing. Predatory pricing involves a firm setting prices below cost with the intent to eliminate competition and then recouping those losses through higher prices once a monopoly is established. To establish a violation under RSA 356:11, the state must demonstrate that the pricing conduct was indeed predatory. This requires showing that the prices were below an appropriate measure of cost and that there was a dangerous probability that the defendant would recoup its losses. New Hampshire courts have looked to federal interpretations of Section 2 of the Sherman Act for guidance. A common benchmark for cost is the average variable cost (AVC). If prices are above AVC, recoupment is generally presumed difficult. If prices are below AVC, recoupment is presumed more likely. However, the statute also requires proof of intent to monopolize or destroy competition. The New Hampshire Supreme Court has emphasized that not all below-cost pricing constitutes illegal predatory pricing; it must be part of a broader scheme to gain or maintain an unlawful monopoly. Therefore, a firm pricing below its average total cost but above its average variable cost, without clear evidence of intent to eliminate competition and a high probability of recoupment, would likely not be found in violation of RSA 356:11. The scenario describes pricing below average total cost but above average variable cost, and the firm’s intent is to increase market share, not necessarily to eliminate competitors and then raise prices. This distinction is crucial for a successful predatory pricing claim.
Incorrect
The New Hampshire Antitrust Act, specifically RSA 356:11, addresses the issue of predatory pricing. Predatory pricing involves a firm setting prices below cost with the intent to eliminate competition and then recouping those losses through higher prices once a monopoly is established. To establish a violation under RSA 356:11, the state must demonstrate that the pricing conduct was indeed predatory. This requires showing that the prices were below an appropriate measure of cost and that there was a dangerous probability that the defendant would recoup its losses. New Hampshire courts have looked to federal interpretations of Section 2 of the Sherman Act for guidance. A common benchmark for cost is the average variable cost (AVC). If prices are above AVC, recoupment is generally presumed difficult. If prices are below AVC, recoupment is presumed more likely. However, the statute also requires proof of intent to monopolize or destroy competition. The New Hampshire Supreme Court has emphasized that not all below-cost pricing constitutes illegal predatory pricing; it must be part of a broader scheme to gain or maintain an unlawful monopoly. Therefore, a firm pricing below its average total cost but above its average variable cost, without clear evidence of intent to eliminate competition and a high probability of recoupment, would likely not be found in violation of RSA 356:11. The scenario describes pricing below average total cost but above average variable cost, and the firm’s intent is to increase market share, not necessarily to eliminate competitors and then raise prices. This distinction is crucial for a successful predatory pricing claim.
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                        Question 18 of 30
18. Question
A trio of independent bookstores, operating in distinct regions of New Hampshire, observe a consistent pattern of price adjustments by their competitors. Upon noticing a price increase for a popular novel at one establishment, the other two, acting independently and without any direct communication or explicit agreement, subsequently raise their prices for the same novel by a similar margin within a week. This behavior is repeated for several other best-selling titles over a year. Analysis of internal documents and communications reveals no evidence of collusion, bid rigging, or any formal or informal agreement to coordinate pricing strategies. Which of the following best characterizes the observed conduct under New Hampshire antitrust law, specifically RSA 356:2 concerning agreements that restrain trade?
Correct
New Hampshire’s antitrust laws, particularly RSA 356:2, prohibit agreements that restrain trade. When assessing whether a conspiracy exists, courts look for evidence of a “meeting of the minds” or a common understanding between parties to engage in anticompetitive conduct. This can be inferred from circumstantial evidence, such as parallel behavior coupled with a motive to conspire and the absence of a legitimate business justification for the conduct. In this scenario, the independent pricing decisions of the three regional bookstores in New Hampshire, absent any direct communication or explicit agreement, suggest that their pricing strategies are likely driven by market conditions and the actions of their competitors, rather than a concerted effort to fix prices. The fact that each bookstore independently adjusted its prices in response to the competitor’s pricing, without prior coordination, indicates conscious parallelism, which, on its own, does not constitute a violation of RSA 356:2. The crucial element missing is proof of an actual agreement or conspiracy to fix prices. Without evidence of a “plus factor” that suggests an agreement beyond mere parallel conduct, such as suspicious communications, bid rigging, or market allocation, a violation cannot be established. Therefore, the scenario describes conscious parallelism, not a per se illegal price-fixing conspiracy under New Hampshire law.
Incorrect
New Hampshire’s antitrust laws, particularly RSA 356:2, prohibit agreements that restrain trade. When assessing whether a conspiracy exists, courts look for evidence of a “meeting of the minds” or a common understanding between parties to engage in anticompetitive conduct. This can be inferred from circumstantial evidence, such as parallel behavior coupled with a motive to conspire and the absence of a legitimate business justification for the conduct. In this scenario, the independent pricing decisions of the three regional bookstores in New Hampshire, absent any direct communication or explicit agreement, suggest that their pricing strategies are likely driven by market conditions and the actions of their competitors, rather than a concerted effort to fix prices. The fact that each bookstore independently adjusted its prices in response to the competitor’s pricing, without prior coordination, indicates conscious parallelism, which, on its own, does not constitute a violation of RSA 356:2. The crucial element missing is proof of an actual agreement or conspiracy to fix prices. Without evidence of a “plus factor” that suggests an agreement beyond mere parallel conduct, such as suspicious communications, bid rigging, or market allocation, a violation cannot be established. Therefore, the scenario describes conscious parallelism, not a per se illegal price-fixing conspiracy under New Hampshire law.
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                        Question 19 of 30
19. Question
A dominant architectural design firm, “Granite Designs,” holds an estimated 75% market share for specialized historical renovation services within the city of Concord, New Hampshire. Granite Designs has recently implemented a policy of refusing to subcontract with newer, smaller firms that have emerged in the Concord area over the past five years. Furthermore, they have begun including stringent clauses in their client contracts that prohibit clients from engaging any other architectural firm for follow-up consultation or design modifications for a period of three years post-project completion, even if the original project is fully concluded. Analyze whether these actions by Granite Designs could constitute a violation of New Hampshire’s antitrust laws, specifically concerning monopolization or attempted monopolization under RSA Chapter 356.
Correct
The New Hampshire Revised Statutes Annotated (RSA) Chapter 356, specifically RSA 356:3, prohibits monopolization and attempts to monopolize. This statute is modeled after Section 2 of the Sherman Act. To prove monopolization under New Hampshire law, a plaintiff must demonstrate that the defendant possessed monopoly power in a relevant market and engaged in exclusionary or predatory conduct that maintained or acquired that power. The relevant market is defined by both product and geographic dimensions. Product market refers to the interchangeability of products or services, while geographic market refers to the area in which the seller operates and to which buyers can practicably turn for supplies. Predatory conduct involves actions that are not only harmful to competitors but also lack a legitimate business justification and are undertaken with the intent to harm competition. For instance, pricing below cost with the intent to drive out rivals, or exclusive dealing arrangements that foreclose a substantial portion of the market to competitors, can constitute such conduct. The existence of monopoly power is typically assessed by market share, but this is not determinative. Other factors include the defendant’s ability to control prices or exclude competition. The statute also addresses attempts to monopolize, which requires proof of specific intent to achieve monopoly power and a dangerous probability of success. The scenario presented involves a dominant firm in the Concord area for specialized architectural design services. The firm’s actions, such as refusing to subcontract with newer firms and imposing restrictive clauses in its client contracts that discourage clients from engaging competitors for future projects, directly aim to maintain its market dominance. These actions are exclusionary and lack a pro-competitive justification, thus fitting the definition of anticompetitive conduct. The geographic market is clearly defined as Concord, and the product market as specialized architectural design services. The firm’s high market share in this defined market suggests monopoly power. Therefore, the firm’s conduct likely violates RSA 356:3 by monopolizing or attempting to monopolize the relevant market.
Incorrect
The New Hampshire Revised Statutes Annotated (RSA) Chapter 356, specifically RSA 356:3, prohibits monopolization and attempts to monopolize. This statute is modeled after Section 2 of the Sherman Act. To prove monopolization under New Hampshire law, a plaintiff must demonstrate that the defendant possessed monopoly power in a relevant market and engaged in exclusionary or predatory conduct that maintained or acquired that power. The relevant market is defined by both product and geographic dimensions. Product market refers to the interchangeability of products or services, while geographic market refers to the area in which the seller operates and to which buyers can practicably turn for supplies. Predatory conduct involves actions that are not only harmful to competitors but also lack a legitimate business justification and are undertaken with the intent to harm competition. For instance, pricing below cost with the intent to drive out rivals, or exclusive dealing arrangements that foreclose a substantial portion of the market to competitors, can constitute such conduct. The existence of monopoly power is typically assessed by market share, but this is not determinative. Other factors include the defendant’s ability to control prices or exclude competition. The statute also addresses attempts to monopolize, which requires proof of specific intent to achieve monopoly power and a dangerous probability of success. The scenario presented involves a dominant firm in the Concord area for specialized architectural design services. The firm’s actions, such as refusing to subcontract with newer firms and imposing restrictive clauses in its client contracts that discourage clients from engaging competitors for future projects, directly aim to maintain its market dominance. These actions are exclusionary and lack a pro-competitive justification, thus fitting the definition of anticompetitive conduct. The geographic market is clearly defined as Concord, and the product market as specialized architectural design services. The firm’s high market share in this defined market suggests monopoly power. Therefore, the firm’s conduct likely violates RSA 356:3 by monopolizing or attempting to monopolize the relevant market.
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                        Question 20 of 30
20. Question
Consider a hypothetical scenario in New Hampshire where “Granite State Grocers” (GSG), a large supermarket chain, controls 85% of the retail grocery market in the city of Concord. GSG recently acquired “Merrimack Markets,” a smaller competitor, and subsequently reduced the operating hours of several Merrimack locations while simultaneously increasing prices at those former Merrimack stores to match GSG’s higher price points. Evidence suggests GSG’s primary motivation for the acquisition and subsequent actions was to eliminate a direct competitor and extract higher profits from customers in areas previously served by Merrimack, rather than improving efficiency or offering a superior product. Under the New Hampshire Antitrust Act (RSA Chapter 356), what is the primary legal standard GSG’s actions would be evaluated against to determine if monopolization has occurred?
Correct
The New Hampshire Antitrust Act, RSA Chapter 356, prohibits monopolization and attempts to monopolize. Section 356:2 specifically addresses monopolization. Monopolization requires both the possession of monopoly power in the relevant market and the willful acquisition or maintenance of that power through exclusionary or predatory conduct, rather than through growth or development as a consequence of a superior product, business acumen, or historic accident. To establish monopoly power, one must demonstrate control over prices or the exclusion of competitors. This control is typically inferred from a high market share, though market share alone is not determinative. The relevant market must be defined in terms of both product and geographic scope. The conduct prong is crucial; a firm can legally possess monopoly power if it achieved it through legitimate means. The New Hampshire Act is broadly interpreted to cover anticompetitive practices that harm competition within the state, even if the conduct originates elsewhere. The question asks about the legal standard for monopolization under New Hampshire law. The correct answer reflects the two-part test of monopoly power and anticompetitive conduct.
Incorrect
The New Hampshire Antitrust Act, RSA Chapter 356, prohibits monopolization and attempts to monopolize. Section 356:2 specifically addresses monopolization. Monopolization requires both the possession of monopoly power in the relevant market and the willful acquisition or maintenance of that power through exclusionary or predatory conduct, rather than through growth or development as a consequence of a superior product, business acumen, or historic accident. To establish monopoly power, one must demonstrate control over prices or the exclusion of competitors. This control is typically inferred from a high market share, though market share alone is not determinative. The relevant market must be defined in terms of both product and geographic scope. The conduct prong is crucial; a firm can legally possess monopoly power if it achieved it through legitimate means. The New Hampshire Act is broadly interpreted to cover anticompetitive practices that harm competition within the state, even if the conduct originates elsewhere. The question asks about the legal standard for monopolization under New Hampshire law. The correct answer reflects the two-part test of monopoly power and anticompetitive conduct.
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                        Question 21 of 30
21. Question
MediTech Solutions, a dominant provider of specialized medical diagnostic equipment in New Hampshire, has been observed to sell its flagship scanner at prices demonstrably below its average variable cost in the Concord and Manchester markets. This pricing strategy has been ongoing for eighteen months, coinciding with the entry of smaller, newer competitors such as HealthScan Innovations and Diagnostic Dynamics. Analysis of MediTech’s market share indicates it holds a substantial majority of the regional market for this equipment. To what antitrust offense under New Hampshire law is this conduct most likely giving rise to, considering the intent to eliminate nascent competition?
Correct
The scenario describes a potential violation of New Hampshire’s antitrust laws, specifically concerning monopolization and predatory pricing. New Hampshire Revised Statutes Annotated (RSA) Chapter 356-A, the state’s primary antitrust statute, prohibits monopolization and attempts to monopolize. RSA 356-A:2, paragraph I, makes it unlawful for any person to monopolize or attempt to monopolize any part of trade or commerce in New Hampshire. Predatory pricing, where a dominant firm sells below cost to drive out competitors, is a common tactic used to achieve or maintain a monopoly. While the specific statute does not explicitly define “predatory pricing,” courts generally interpret monopolization provisions to encompass such conduct when it is used with the intent to eliminate competition and create a lasting monopoly. To prove predatory pricing, one typically needs to demonstrate that the pricing was below an appropriate measure of cost and that there was a dangerous probability that the predator would recoup its losses through subsequent higher prices once competition is eliminated. In this case, the dominant regional provider of specialized medical equipment, “MediTech Solutions,” is accused of selling its primary diagnostic scanner at prices below its average variable cost for a sustained period, specifically targeting new market entrants in the Concord and Manchester areas. This conduct, if proven to be done with the intent to drive out smaller, newer competitors like “HealthScan Innovations” and “Diagnostic Dynamics,” and with a reasonable prospect of recouping losses, would likely constitute a violation of RSA 356-A:2, paragraph I. The fact that MediTech Solutions has a significant market share in the region strengthens the argument for monopolization. The focus on driving out new entrants is a key indicator of anticompetitive intent. Therefore, the described actions are most accurately characterized as an attempt to monopolize through predatory pricing.
Incorrect
The scenario describes a potential violation of New Hampshire’s antitrust laws, specifically concerning monopolization and predatory pricing. New Hampshire Revised Statutes Annotated (RSA) Chapter 356-A, the state’s primary antitrust statute, prohibits monopolization and attempts to monopolize. RSA 356-A:2, paragraph I, makes it unlawful for any person to monopolize or attempt to monopolize any part of trade or commerce in New Hampshire. Predatory pricing, where a dominant firm sells below cost to drive out competitors, is a common tactic used to achieve or maintain a monopoly. While the specific statute does not explicitly define “predatory pricing,” courts generally interpret monopolization provisions to encompass such conduct when it is used with the intent to eliminate competition and create a lasting monopoly. To prove predatory pricing, one typically needs to demonstrate that the pricing was below an appropriate measure of cost and that there was a dangerous probability that the predator would recoup its losses through subsequent higher prices once competition is eliminated. In this case, the dominant regional provider of specialized medical equipment, “MediTech Solutions,” is accused of selling its primary diagnostic scanner at prices below its average variable cost for a sustained period, specifically targeting new market entrants in the Concord and Manchester areas. This conduct, if proven to be done with the intent to drive out smaller, newer competitors like “HealthScan Innovations” and “Diagnostic Dynamics,” and with a reasonable prospect of recouping losses, would likely constitute a violation of RSA 356-A:2, paragraph I. The fact that MediTech Solutions has a significant market share in the region strengthens the argument for monopolization. The focus on driving out new entrants is a key indicator of anticompetitive intent. Therefore, the described actions are most accurately characterized as an attempt to monopolize through predatory pricing.
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                        Question 22 of 30
22. Question
The Granite State Artisanal Cheese Makers Association (GSACMA), comprising several independent cheese producers operating solely within New Hampshire, collectively agrees to establish a minimum price for all artisanal cheeses sold to retailers across the state. Furthermore, they unanimously resolve to cease supplying any retailer that purchases artisanal cheese from producers not affiliated with GSACMA at a price below this established minimum. A small, independent cheese producer in Vermont, “Maple Ridge Creamery,” which exports its products into New Hampshire, is unable to compete with the minimum pricing set by GSACMA and faces a significant reduction in its New Hampshire sales. Which of the following most accurately describes the likely antitrust implications under New Hampshire law for the GSACMA’s actions?
Correct
The New Hampshire Antitrust Act, RSA 356:1, prohibits monopolization, attempts to monopolize, and conspiracies to monopolize. Monopolization generally requires a showing of (1) possession of monopoly power in the relevant market and (2) willful acquisition or maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident. The relevant market is defined by both product and geographic dimensions. The Act does not explicitly define “relevant market” in the same detailed manner as federal law, but courts often look to federal precedent for guidance. In this scenario, the “Granite State Artisanal Cheese Makers Association” (GSACMA) represents a group of producers. Their agreement to collectively set minimum prices for all artisanal cheese sold within New Hampshire, and to refuse to sell to any retailer who purchases from non-member producers at prices below this minimum, constitutes a per se violation of RSA 356:1. This is because it is a horizontal price-fixing agreement among competitors, which is considered an unreasonable restraint of trade regardless of its actual effect on competition or its justification. The intent to harm non-member producers and ensure higher profits for members, coupled with the direct agreement on pricing and output restrictions (refusal to sell to certain retailers), clearly falls under the prohibition of monopolistic practices and restraints of trade. The absence of a formal market share calculation or a detailed analysis of market power does not preclude a finding of illegality for per se offenses. The conduct itself is inherently anticompetitive.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1, prohibits monopolization, attempts to monopolize, and conspiracies to monopolize. Monopolization generally requires a showing of (1) possession of monopoly power in the relevant market and (2) willful acquisition or maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident. The relevant market is defined by both product and geographic dimensions. The Act does not explicitly define “relevant market” in the same detailed manner as federal law, but courts often look to federal precedent for guidance. In this scenario, the “Granite State Artisanal Cheese Makers Association” (GSACMA) represents a group of producers. Their agreement to collectively set minimum prices for all artisanal cheese sold within New Hampshire, and to refuse to sell to any retailer who purchases from non-member producers at prices below this minimum, constitutes a per se violation of RSA 356:1. This is because it is a horizontal price-fixing agreement among competitors, which is considered an unreasonable restraint of trade regardless of its actual effect on competition or its justification. The intent to harm non-member producers and ensure higher profits for members, coupled with the direct agreement on pricing and output restrictions (refusal to sell to certain retailers), clearly falls under the prohibition of monopolistic practices and restraints of trade. The absence of a formal market share calculation or a detailed analysis of market power does not preclude a finding of illegality for per se offenses. The conduct itself is inherently anticompetitive.
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                        Question 23 of 30
23. Question
A consortium of independent bookstores located across New Hampshire, including establishments in Concord, Manchester, and Portsmouth, collectively decides to cease stocking any books published by “Riverbend Press,” a small, innovative publisher that recently entered the New Hampshire market with unique distribution methods. This decision is communicated through a series of private meetings and encrypted emails among the bookstore owners. The stated reason for this coordinated action is to pressure Riverbend Press to adopt more traditional wholesale pricing structures, which the consortium believes are more sustainable for their businesses. Analysis of the New Hampshire book market indicates that Riverbend Press, prior to this action, held a negligible but growing market share, and its unique distribution model offered consumers a wider selection of niche titles at competitive prices. The consortium’s action has effectively prevented Riverbend Press from distributing its books through any brick-and-mortar retail channels in New Hampshire, forcing it to rely solely on direct online sales to New Hampshire consumers. Under the New Hampshire Antitrust Act, what is the most likely classification of this conduct by the bookstore consortium?
Correct
The New Hampshire Antitrust Act, codified in RSA Chapter 356, prohibits anticompetitive practices that harm consumers within the state. A key aspect of this act involves agreements that restrain trade. Section 356:2 specifically addresses conspiracies in restraint of trade, making it unlawful for any person to enter into any contract or agreement with another person that creates a monopoly or restrains trade in New Hampshire. This includes agreements to fix prices, allocate markets, or engage in boycotts. When evaluating a situation for potential violations, the focus is on whether the agreement itself has the effect of substantially lessening competition or tending to create a monopoly in any line of commerce within New Hampshire. The Granite State’s law, like federal antitrust law, often employs the “rule of reason” analysis for many restraints, meaning the court weighs the pro-competitive justifications against the anticompetitive effects. However, certain practices are considered “per se” illegal, meaning their anticompetitive nature is so inherent that no justification is permitted. For a violation of RSA 356:2 to be established, the plaintiff must demonstrate an agreement between two or more parties and that this agreement has an anticompetitive effect within New Hampshire’s commerce. The absence of direct evidence of intent to harm competition does not preclude a finding of a violation if the effect is demonstrably anticompetitive. The statute aims to protect the competitive process and, by extension, consumers from the adverse consequences of such agreements.
Incorrect
The New Hampshire Antitrust Act, codified in RSA Chapter 356, prohibits anticompetitive practices that harm consumers within the state. A key aspect of this act involves agreements that restrain trade. Section 356:2 specifically addresses conspiracies in restraint of trade, making it unlawful for any person to enter into any contract or agreement with another person that creates a monopoly or restrains trade in New Hampshire. This includes agreements to fix prices, allocate markets, or engage in boycotts. When evaluating a situation for potential violations, the focus is on whether the agreement itself has the effect of substantially lessening competition or tending to create a monopoly in any line of commerce within New Hampshire. The Granite State’s law, like federal antitrust law, often employs the “rule of reason” analysis for many restraints, meaning the court weighs the pro-competitive justifications against the anticompetitive effects. However, certain practices are considered “per se” illegal, meaning their anticompetitive nature is so inherent that no justification is permitted. For a violation of RSA 356:2 to be established, the plaintiff must demonstrate an agreement between two or more parties and that this agreement has an anticompetitive effect within New Hampshire’s commerce. The absence of direct evidence of intent to harm competition does not preclude a finding of a violation if the effect is demonstrably anticompetitive. The statute aims to protect the competitive process and, by extension, consumers from the adverse consequences of such agreements.
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                        Question 24 of 30
24. Question
Gourmet Grub, a dominant food delivery service operating exclusively within New Hampshire, initiates a campaign to offer its services at prices demonstrably below its average variable costs. This aggressive pricing strategy is explicitly communicated internally as a means to “drive that new startup, Evergreen Eats, out of the market before they can gain any traction.” Evergreen Eats, a smaller, recently launched competitor, is struggling to match these unsustainable prices. What is the most likely legal conclusion regarding Gourmet Grub’s actions under New Hampshire’s antitrust framework?
Correct
The scenario describes a potential violation of New Hampshire’s antitrust laws, specifically concerning predatory pricing. Predatory pricing occurs when a dominant firm lowers its prices below cost to eliminate competitors, with the intention of raising prices once competition is gone. New Hampshire Revised Statutes Annotated (RSA) Chapter 356, “Monopolies and Restraint of Trade,” prohibits anticompetitive practices. RSA 356:3 addresses unlawful combinations and agreements, and RSA 356:6 prohibits unfair methods of competition. While New Hampshire law doesn’t have a specific statutory definition of predatory pricing like some federal laws, courts often look to the intent and effect of the pricing strategy. To establish predatory pricing, one typically needs to show that prices were set below an appropriate measure of cost (often average variable cost, though New Hampshire courts may consider other cost measures) and that there is a dangerous probability that the predator will recoup its losses through subsequent supracompetitive pricing. The key element here is the intent to eliminate a competitor, which is evident from the stated goal of driving “Evergreen Eats” out of business. The fact that “Gourmet Grub” is a dominant provider in the market strengthens the argument that this action could substantially lessen competition or tend to create a monopoly. The duration of the below-cost pricing is also a factor; if it’s temporary to gain market share and then reverts to profitable levels, it’s less likely to be predatory. However, the explicit statement of intent to eliminate competition is a strong indicator of an unlawful practice under New Hampshire’s broad prohibitions against anticompetitive conduct. The question asks about the most likely legal conclusion under New Hampshire law. Given the explicit intent to eliminate a competitor by pricing below cost, this action is most likely to be considered an unlawful restraint of trade or an unfair method of competition.
Incorrect
The scenario describes a potential violation of New Hampshire’s antitrust laws, specifically concerning predatory pricing. Predatory pricing occurs when a dominant firm lowers its prices below cost to eliminate competitors, with the intention of raising prices once competition is gone. New Hampshire Revised Statutes Annotated (RSA) Chapter 356, “Monopolies and Restraint of Trade,” prohibits anticompetitive practices. RSA 356:3 addresses unlawful combinations and agreements, and RSA 356:6 prohibits unfair methods of competition. While New Hampshire law doesn’t have a specific statutory definition of predatory pricing like some federal laws, courts often look to the intent and effect of the pricing strategy. To establish predatory pricing, one typically needs to show that prices were set below an appropriate measure of cost (often average variable cost, though New Hampshire courts may consider other cost measures) and that there is a dangerous probability that the predator will recoup its losses through subsequent supracompetitive pricing. The key element here is the intent to eliminate a competitor, which is evident from the stated goal of driving “Evergreen Eats” out of business. The fact that “Gourmet Grub” is a dominant provider in the market strengthens the argument that this action could substantially lessen competition or tend to create a monopoly. The duration of the below-cost pricing is also a factor; if it’s temporary to gain market share and then reverts to profitable levels, it’s less likely to be predatory. However, the explicit statement of intent to eliminate competition is a strong indicator of an unlawful practice under New Hampshire’s broad prohibitions against anticompetitive conduct. The question asks about the most likely legal conclusion under New Hampshire law. Given the explicit intent to eliminate a competitor by pricing below cost, this action is most likely to be considered an unlawful restraint of trade or an unfair method of competition.
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                        Question 25 of 30
25. Question
Granite State Power, a large utility provider in New Hampshire, has recently been accused by several smaller, regional energy cooperatives of engaging in predatory pricing. Evidence suggests that Granite State Power has been selling electricity to commercial customers at prices significantly below its average variable cost for the past eighteen months, a period coinciding with the expansion of these regional cooperatives into new service areas. The cooperatives argue that this pricing strategy is designed to force them out of business, allowing Granite State Power to gain a monopoly in the state’s energy market and subsequently raise prices. Granite State Power contends that its pricing is a response to market pressures and efficiency gains, not an attempt to eliminate competition. Considering the provisions of the New Hampshire Antitrust Act, specifically RSA 356:2, what is the most likely legal outcome if the cooperatives can prove that Granite State Power’s pricing was intended to eliminate them and that Granite State Power has a dangerous probability of achieving monopoly power thereafter?
Correct
The scenario involves a potential violation of New Hampshire’s antitrust laws, specifically concerning predatory pricing. Predatory pricing occurs when a dominant firm sells its products at an artificially low price to drive out competitors, intending to recoup losses through higher prices once competition is eliminated. New Hampshire Revised Statutes Annotated (RSA) Chapter 356, the New Hampshire Antitrust Act, prohibits monopolization and attempts to monopolize, as well as conspiracies to restrain trade. RSA 356:2 prohibits any contract, combination, or conspiracy in restraint of trade. While pricing below cost is a key indicator of predatory pricing, the intent to monopolize is crucial for establishing a violation. Simply engaging in aggressive pricing that harms competitors is not necessarily illegal if it is done for legitimate business reasons, such as increasing market share or responding to market conditions, and not with the specific intent to eliminate competition and then exploit the market. In this case, the dominant firm, Granite State Power, is accused of selling electricity below its average variable cost to smaller, regional providers. The key to determining a violation under New Hampshire law, as interpreted through federal antitrust principles often applied in state law cases, is to assess whether Granite State Power’s actions were undertaken with the specific intent to eliminate its competitors and then to raise prices to supra-competitive levels. The fact that the pricing is below average variable cost is strong evidence of predatory intent. However, the inquiry must also consider whether Granite State Power has a dangerous probability of successfully acquiring monopoly power after the competitors are eliminated. The duration of the below-cost pricing and the financial capacity of Granite State Power to sustain losses are also relevant factors. If the pricing is temporary and aimed at achieving efficiency or responding to a genuine market downturn, it might be permissible. However, if it’s a sustained effort to eliminate viable competitors with the aim of future price increases, it likely constitutes a violation. The question asks about the most likely legal outcome. Given the allegations of selling below average variable cost with the intent to eliminate competitors, a court would likely find that Granite State Power engaged in conduct that violates RSA 356:2, specifically the prohibition against monopolization and attempts to monopolize, if the intent to harm competition and recoup losses is proven. The below-cost pricing is a strong indicator of such intent.
Incorrect
The scenario involves a potential violation of New Hampshire’s antitrust laws, specifically concerning predatory pricing. Predatory pricing occurs when a dominant firm sells its products at an artificially low price to drive out competitors, intending to recoup losses through higher prices once competition is eliminated. New Hampshire Revised Statutes Annotated (RSA) Chapter 356, the New Hampshire Antitrust Act, prohibits monopolization and attempts to monopolize, as well as conspiracies to restrain trade. RSA 356:2 prohibits any contract, combination, or conspiracy in restraint of trade. While pricing below cost is a key indicator of predatory pricing, the intent to monopolize is crucial for establishing a violation. Simply engaging in aggressive pricing that harms competitors is not necessarily illegal if it is done for legitimate business reasons, such as increasing market share or responding to market conditions, and not with the specific intent to eliminate competition and then exploit the market. In this case, the dominant firm, Granite State Power, is accused of selling electricity below its average variable cost to smaller, regional providers. The key to determining a violation under New Hampshire law, as interpreted through federal antitrust principles often applied in state law cases, is to assess whether Granite State Power’s actions were undertaken with the specific intent to eliminate its competitors and then to raise prices to supra-competitive levels. The fact that the pricing is below average variable cost is strong evidence of predatory intent. However, the inquiry must also consider whether Granite State Power has a dangerous probability of successfully acquiring monopoly power after the competitors are eliminated. The duration of the below-cost pricing and the financial capacity of Granite State Power to sustain losses are also relevant factors. If the pricing is temporary and aimed at achieving efficiency or responding to a genuine market downturn, it might be permissible. However, if it’s a sustained effort to eliminate viable competitors with the aim of future price increases, it likely constitutes a violation. The question asks about the most likely legal outcome. Given the allegations of selling below average variable cost with the intent to eliminate competitors, a court would likely find that Granite State Power engaged in conduct that violates RSA 356:2, specifically the prohibition against monopolization and attempts to monopolize, if the intent to harm competition and recoup losses is proven. The below-cost pricing is a strong indicator of such intent.
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                        Question 26 of 30
26. Question
Consider a situation where the Granite State Grocers Association, representing several independent grocery retailers across New Hampshire, enters into an agreement with the New Hampshire Farm Cooperative, a collective of local agricultural producers, to establish minimum resale prices for all “New Hampshire Grown” certified produce sold in their member stores. This arrangement aims to ensure a stable income for farmers and maintain perceived quality standards. What is the most likely initial legal characterization of this agreement under the New Hampshire Antitrust Act?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive conduct. Specifically, RSA 356:2 makes illegal contracts, combinations, or conspiracies in restraint of trade or commerce. When assessing whether a particular agreement among competitors constitutes an illegal restraint of trade, courts often employ the rule of reason analysis, which balances the procompetitive justifications against the anticompetitive harms. In this scenario, the agreement between Granite State Grocers and the New Hampshire Farm Cooperative to set minimum resale prices for locally sourced produce could be viewed as a per se violation if it is considered a price-fixing agreement, which is generally deemed to have no legitimate business purpose and is inherently anticompetitive. However, the New Hampshire Act, mirroring federal antitrust principles, often applies the rule of reason to agreements that are not clearly per se illegal. Under the rule of reason, the court would examine the nature of the agreement, the market power of the parties, the existence of any legitimate business justifications for the price setting (e.g., ensuring fair returns for farmers, maintaining quality standards), and the actual or probable anticompetitive effects on the relevant market for produce in New Hampshire. If the agreement’s anticompetitive effects outweigh its procompetitive benefits, it would be deemed an unreasonable restraint of trade. Given the direct impact on consumer prices and the potential for reduced competition, such an agreement is subject to scrutiny. The question asks about the potential legal status of this agreement under New Hampshire law. The most accurate characterization is that it is subject to a rule of reason analysis, as price-fixing among competitors is generally considered a serious antitrust violation, but the specific context and justifications can influence the outcome. Therefore, while it could be challenged as an illegal restraint of trade, the precise determination often involves a detailed rule of reason inquiry.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., prohibits anticompetitive conduct. Specifically, RSA 356:2 makes illegal contracts, combinations, or conspiracies in restraint of trade or commerce. When assessing whether a particular agreement among competitors constitutes an illegal restraint of trade, courts often employ the rule of reason analysis, which balances the procompetitive justifications against the anticompetitive harms. In this scenario, the agreement between Granite State Grocers and the New Hampshire Farm Cooperative to set minimum resale prices for locally sourced produce could be viewed as a per se violation if it is considered a price-fixing agreement, which is generally deemed to have no legitimate business purpose and is inherently anticompetitive. However, the New Hampshire Act, mirroring federal antitrust principles, often applies the rule of reason to agreements that are not clearly per se illegal. Under the rule of reason, the court would examine the nature of the agreement, the market power of the parties, the existence of any legitimate business justifications for the price setting (e.g., ensuring fair returns for farmers, maintaining quality standards), and the actual or probable anticompetitive effects on the relevant market for produce in New Hampshire. If the agreement’s anticompetitive effects outweigh its procompetitive benefits, it would be deemed an unreasonable restraint of trade. Given the direct impact on consumer prices and the potential for reduced competition, such an agreement is subject to scrutiny. The question asks about the potential legal status of this agreement under New Hampshire law. The most accurate characterization is that it is subject to a rule of reason analysis, as price-fixing among competitors is generally considered a serious antitrust violation, but the specific context and justifications can influence the outcome. Therefore, while it could be challenged as an illegal restraint of trade, the precise determination often involves a detailed rule of reason inquiry.
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                        Question 27 of 30
27. Question
Consider a scenario where three major independent plumbing supply distributors operating exclusively within New Hampshire, “Granite State Pipes,” “Lakes Region Fixtures,” and “White Mountain Waterworks,” engage in discussions. During these discussions, they collectively decide to implement a minimum resale price for a widely used type of PVC pipe, ensuring that no distributor sells this pipe below a predetermined price point. This agreement is made to stabilize market prices, which they claim have become uncompetitively low. What is the most likely antitrust classification of this behavior under New Hampshire law?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., mirrors federal antitrust principles in many respects, particularly concerning per se violations and the rule of reason. Price fixing, a practice where competitors agree to set prices, is considered a per se violation under both federal and New Hampshire law. This means that the act of price fixing itself is illegal, regardless of whether the prices were reasonable or if the agreement harmed competition. The New Hampshire Supreme Court has consistently held that agreements to fix prices among competitors are inherently anticompetitive and thus unlawful under RSA 356:2, which prohibits monopolization and conspiracies to monopolize, and by extension, agreements that restrain trade. Unlike violations analyzed under the rule of reason, which require a complex balancing of pro-competitive and anticompetitive effects, price fixing does not permit such defenses. The focus is solely on the existence of the agreement. Therefore, an agreement between competing plumbing supply companies in New Hampshire to establish minimum resale prices for their products would be a direct violation of the state’s antitrust statutes, specifically falling under the category of price fixing.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., mirrors federal antitrust principles in many respects, particularly concerning per se violations and the rule of reason. Price fixing, a practice where competitors agree to set prices, is considered a per se violation under both federal and New Hampshire law. This means that the act of price fixing itself is illegal, regardless of whether the prices were reasonable or if the agreement harmed competition. The New Hampshire Supreme Court has consistently held that agreements to fix prices among competitors are inherently anticompetitive and thus unlawful under RSA 356:2, which prohibits monopolization and conspiracies to monopolize, and by extension, agreements that restrain trade. Unlike violations analyzed under the rule of reason, which require a complex balancing of pro-competitive and anticompetitive effects, price fixing does not permit such defenses. The focus is solely on the existence of the agreement. Therefore, an agreement between competing plumbing supply companies in New Hampshire to establish minimum resale prices for their products would be a direct violation of the state’s antitrust statutes, specifically falling under the category of price fixing.
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                        Question 28 of 30
28. Question
Consider a hypothetical situation in New Hampshire where two independent regional plumbing supply distributors, “Granite State Pipes” and “White Mountain Fixtures,” are observed to have remarkably similar pricing strategies for essential plumbing materials over a two-year period. Both companies independently adjust their prices on a weekly basis, and these adjustments often align within cents of each other for identical product lines. There is no direct evidence of communication or meetings between the executives of Granite State Pipes and White Mountain Fixtures. Analysis of market conditions reveals that both distributors face similar input costs from manufacturers and serve a geographically overlapping customer base in New Hampshire. A plaintiff alleges that these parallel pricing behaviors constitute an illegal conspiracy in restraint of trade under RSA 356:2, the New Hampshire Antitrust Act. What is the most likely outcome of this allegation, based on New Hampshire antitrust jurisprudence?
Correct
The New Hampshire Antitrust Act, RSA 356:1 et seq., mirrors federal antitrust law in many respects but has specific nuances. When assessing whether a conspiracy exists under RSA 356:2, which prohibits contracts, combinations, or conspiracies in restraint of trade, courts look for evidence of an agreement between two or more entities. This agreement can be explicit or implicit. The key is demonstrating a “meeting of the minds” to achieve a common anticompetitive goal. Circumstantial evidence is often crucial. This evidence can include parallel conduct (firms acting in the same way), but parallel conduct alone is typically insufficient to prove a conspiracy. Additional factors that strengthen an inference of conspiracy include evidence of motive to conspire, actions against a firm’s independent self-interest absent an agreement, and opportunities for communication or collusion. In this scenario, the independent pricing decisions of the two firms, coupled with the absence of any direct communication or evidence of a shared understanding to fix prices, makes proving a conspiracy under RSA 356:2 challenging. While their pricing is similar, it could be explained by other factors, such as responding to common market conditions or a shared understanding of the competitive landscape that does not rise to the level of an illegal agreement. Therefore, without more direct evidence of an agreement, a claim of conspiracy would likely fail.
Incorrect
The New Hampshire Antitrust Act, RSA 356:1 et seq., mirrors federal antitrust law in many respects but has specific nuances. When assessing whether a conspiracy exists under RSA 356:2, which prohibits contracts, combinations, or conspiracies in restraint of trade, courts look for evidence of an agreement between two or more entities. This agreement can be explicit or implicit. The key is demonstrating a “meeting of the minds” to achieve a common anticompetitive goal. Circumstantial evidence is often crucial. This evidence can include parallel conduct (firms acting in the same way), but parallel conduct alone is typically insufficient to prove a conspiracy. Additional factors that strengthen an inference of conspiracy include evidence of motive to conspire, actions against a firm’s independent self-interest absent an agreement, and opportunities for communication or collusion. In this scenario, the independent pricing decisions of the two firms, coupled with the absence of any direct communication or evidence of a shared understanding to fix prices, makes proving a conspiracy under RSA 356:2 challenging. While their pricing is similar, it could be explained by other factors, such as responding to common market conditions or a shared understanding of the competitive landscape that does not rise to the level of an illegal agreement. Therefore, without more direct evidence of an agreement, a claim of conspiracy would likely fail.
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                        Question 29 of 30
29. Question
Granite State Bakeries, a dominant provider of artisan bread products throughout Concord, New Hampshire, begins selling its signature sourdough loaves for \$1.50 each. Internal company documents reveal that Granite State Bakeries’ average variable cost for producing each loaf is \$1.80, and the company’s stated objective for this pricing strategy is to “drive Artisan Breads, a smaller local competitor, out of the market entirely.” If Artisan Breads is forced to cease operations due to these aggressive pricing tactics, and Granite State Bakeries subsequently raises its prices to \$3.50 per loaf, what antitrust principle under New Hampshire law is most directly implicated by Granite State Bakeries’ initial actions?
Correct
The scenario describes a potential violation of New Hampshire’s antitrust laws, specifically concerning monopolization and predatory pricing. New Hampshire Revised Statutes Annotated (RSA) Chapter 356:2 prohibits monopolization and attempts to monopolize. Predatory pricing occurs when a firm sets prices below its cost to drive out competitors, with the intent to recoup losses through higher prices once competition is eliminated. To establish predatory pricing under New Hampshire law, the state must demonstrate that the pricing was below an appropriate measure of cost and that there was a dangerous probability that the predator would recoup its investment in below-cost prices. The relevant cost measure is typically average variable cost (AVC). If a firm prices below AVC, it is generally presumed to be predatory. In this case, the bakery’s pricing at \$1.50 per loaf is below its average variable cost of \$1.80. This pricing strategy, coupled with the stated intent to force “Artisan Breads” out of business, strongly suggests a violation of RSA 356:2. The fact that “Granite State Bakeries” is a dominant player in the market further supports the monopolization claim. The duration of the below-cost pricing and the specific market share losses incurred by “Artisan Breads” would be crucial evidence in a legal proceeding, but the initial act of pricing below AVC with intent to eliminate competition is the core of the violation.
Incorrect
The scenario describes a potential violation of New Hampshire’s antitrust laws, specifically concerning monopolization and predatory pricing. New Hampshire Revised Statutes Annotated (RSA) Chapter 356:2 prohibits monopolization and attempts to monopolize. Predatory pricing occurs when a firm sets prices below its cost to drive out competitors, with the intent to recoup losses through higher prices once competition is eliminated. To establish predatory pricing under New Hampshire law, the state must demonstrate that the pricing was below an appropriate measure of cost and that there was a dangerous probability that the predator would recoup its investment in below-cost prices. The relevant cost measure is typically average variable cost (AVC). If a firm prices below AVC, it is generally presumed to be predatory. In this case, the bakery’s pricing at \$1.50 per loaf is below its average variable cost of \$1.80. This pricing strategy, coupled with the stated intent to force “Artisan Breads” out of business, strongly suggests a violation of RSA 356:2. The fact that “Granite State Bakeries” is a dominant player in the market further supports the monopolization claim. The duration of the below-cost pricing and the specific market share losses incurred by “Artisan Breads” would be crucial evidence in a legal proceeding, but the initial act of pricing below AVC with intent to eliminate competition is the core of the violation.
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                        Question 30 of 30
30. Question
Alpine Apparel, a well-established outdoor gear retailer with a substantial market share in New Hampshire, initiates an aggressive pricing strategy by slashing the prices of its specialized hiking boots to levels demonstrably below its average variable cost. This action is specifically timed to coincide with the expansion of a smaller, newer competitor, Summit Stride, into the New Hampshire market, a competitor that relies heavily on the hiking boot segment for its viability. Evidence suggests that Alpine Apparel’s management discussed the strategy as a means to “teach Summit Stride a lesson” and ensure “only one major player remains” in the premium hiking boot category within the state, with plans to revert to higher pricing once Summit Stride ceases operations. Under New Hampshire Revised Statutes Annotated (RSA) Chapter 356-A, what is the most likely antitrust concern raised by Alpine Apparel’s conduct?
Correct
The scenario describes a potential violation of New Hampshire’s antitrust laws, specifically concerning monopolization and predatory pricing. New Hampshire Revised Statutes Annotated (RSA) Chapter 356-A, the New Hampshire Antitrust Act, prohibits anticompetitive practices. Section 356-A:3 addresses monopolization, stating that it is unlawful for any person to monopolize or attempt to monopolize any part of trade or commerce in New Hampshire. Predatory pricing, where a dominant firm lowers prices below cost to drive out competitors, is a classic example of monopolization or an attempt to monopolize. In this case, “Alpine Apparel,” a dominant retailer of outdoor gear in New Hampshire, significantly reduced its prices on specialized hiking boots to levels demonstrably below its average variable cost. This action directly targeted “Summit Stride,” a newer, smaller competitor that relies heavily on the hiking boot market for its revenue. The intent, as implied by the aggressive pricing strategy and its impact on Summit Stride’s ability to remain in business, is to eliminate competition. Such conduct, if proven to have the dangerous probability of success in creating a monopoly or maintaining an existing one, can be deemed an unlawful monopolization under RSA 356-A:3. The key elements to consider would be Alpine Apparel’s market power, the below-cost nature of the pricing, the specific intent to harm competition, and the actual or probable effect on market structure and consumer welfare. The fact that Alpine Apparel later intends to raise prices once Summit Stride is out of business further supports the predatory intent.
Incorrect
The scenario describes a potential violation of New Hampshire’s antitrust laws, specifically concerning monopolization and predatory pricing. New Hampshire Revised Statutes Annotated (RSA) Chapter 356-A, the New Hampshire Antitrust Act, prohibits anticompetitive practices. Section 356-A:3 addresses monopolization, stating that it is unlawful for any person to monopolize or attempt to monopolize any part of trade or commerce in New Hampshire. Predatory pricing, where a dominant firm lowers prices below cost to drive out competitors, is a classic example of monopolization or an attempt to monopolize. In this case, “Alpine Apparel,” a dominant retailer of outdoor gear in New Hampshire, significantly reduced its prices on specialized hiking boots to levels demonstrably below its average variable cost. This action directly targeted “Summit Stride,” a newer, smaller competitor that relies heavily on the hiking boot market for its revenue. The intent, as implied by the aggressive pricing strategy and its impact on Summit Stride’s ability to remain in business, is to eliminate competition. Such conduct, if proven to have the dangerous probability of success in creating a monopoly or maintaining an existing one, can be deemed an unlawful monopolization under RSA 356-A:3. The key elements to consider would be Alpine Apparel’s market power, the below-cost nature of the pricing, the specific intent to harm competition, and the actual or probable effect on market structure and consumer welfare. The fact that Alpine Apparel later intends to raise prices once Summit Stride is out of business further supports the predatory intent.