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Question
Bunyan Corp. has patented a revolutionary chainsaw. In order to maximize the revenues from its patent and recover its research and development expenses, Bunyan requires other manufacturers that make the chainsaw under license from Bunyan to adhere to a minimum price schedule. Bunyan also requires its retail dealers to adhere to a minimum resale price schedule. The Justice Department has challenged Bunyan's marketing practices as unlawful. Is the challenge valid? Explain your reasoning.
Answer
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