MN HF4143

Adds definitions for "monopoly power," "monopsony," and "monopsony power" to Minnesota consumer protection law, establishing that monopoly power includes ability to control prices or exclude competitors, and monopsony power means a buyer can influence demand and price.

Makes establishment, maintenance, or use of monopoly or monopsony power unlawful for purpose of affecting competition or controlling, fixing, or maintaining prices, with procompetitive effects barred as a defense.

Expands antitrust violations to include contracts or conspiracies involving monopsony practices, and applies law to monopoly or monopsony power affecting Minnesota trade or commerce regardless of where formed.

Increases civil penalties from $50,000 to $100,000 per violation for individuals and maintains $1,000,000 per violation for corporations; increases penalties for failing to comply with court orders from $100,000 to $250,000.

Maintains criminal felony penalties of up to $50,000 fine per violation or up to seven years imprisonment for willful violations of enumerated antitrust acts.