When a competitor introduced a revolutionary new air conditioner, the head of your company's engineering department purchased

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When a competitor introduced a revolutionary new air conditioner, the head of your company's engineering department purchased one these product units and dissembled it, piece by piece, to learn how it was made. After doing so, your company developed a similar product and began selling it in the marketplace. The competitor's product was not patented. Was your company's conduct ethical?
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