Notions Corporation holds a dominant position in the market because of its superior line of products. In fact, it now controls 90 percent of the product market within the relevant geographic market. Consumers are willing to pay more for Notions' products despite the fact that a few competitors offer similar products at substantially lower prices. If a competitor were to charge Notions with being a monopolist under Section 2 of the Sherman Act, which of the following statements is true?

Question

Quizplus · Accepted Answer

In order for a competitor to successfully charge Notions with being a monopolist under Section 2 of the Sherman Act, they would need to show that Notions acquired or maintained its market power through anticompetitive conduct, and that they had the specific intent to do so. Simply having a dominant market share is not enough to prove a violation of Section 2. Therefore, option B is the correct answer.

Notions Corporation Holds a Dominant Position in the Market Because