Terms Used In Iowa Code 553.5

  • Person: means a natural person, estate, trust, enterprise, or government agency. See Iowa Code 553.3
  • Relevant market: means the geographical area of actual or potential competition in a line of commerce, all or any part of which is within this state. See Iowa Code 553.3
  • Trade or commerce: means any economic activity involving or relating to any commodity, service, or business activity. See Iowa Code 553.3
 A person shall not attempt to establish or establish, maintain, or use a monopoly of trade or commerce in a relevant market for the purpose of excluding competition or of controlling, fixing, or maintaining prices.