Question: Loop Corp. has made a major breakthrough in the development of a micropencil. Loop has patented the product and is seeking to maximize the profit
Loop Corp. has made a major breakthrough in the development of a micropencil. Loop has patented the product and is seeking to maximize the profit potential. In this effort, Loop can legally
a. Require its retailers to sell only Loop’s products, including the micropencils, and not sell similar competing products.
b. Require its retailers to take stipulated quantities of its other products in addition to the micropencils.
c. Sell the product at whatever price the traffic will bear even though Loop has a monopoly.
d. Sell the product to its retailers upon condition that they do not sell the micropencils to the public for less than a stated price.
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