Discussion question:
You invent and are able to patent a new type of widget. This product
can be used as a component part in many manufactured products made by
other companies. This new widget can substitute for other types of
widgets already in use. This patented widget’s major benefit is that it
is more durable and longer lasting than widgets in current use.
A
by-product of the manufacture of your patented widgets is a common type
of metal alloy that can also be used by other manufacturers who use the
widgets in making their products.
You invest your life savings
into starting a business to manufacture and sell these widgets and the
by-product. Of course, you want to be profitable.
Each of you
identify and explain one business practice you ought to avoid using to not violate any anti-trust or unfair trade practice law.
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