Question: Hitesh Nazami owns and operates a hardware store in a community of 50,000 people. The nearest town is at least 25 miles away, but there

Hitesh Nazami owns and operates a hardware store in a community of 50,000 people. The nearest town is at least 25 miles away, but there are two competitors in the area, one of which is a new "big box" home store. All usually run weekly advertisements. Hitesh has noticed that the big-box store is selling many brand-name products at prices lower than he can buy them for from his suppliers. This has hurt Hitesh's overall sales.
1. Is the big-box store practicing illegal price competition? Explain your answer. If it is, what federal act is it violating?
2. If the big-box store is not practicing illegal price competition, how can it sell at such low prices?
3. Does Hitesh have a monopoly on Weaver tools in his community?

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