Question
QUESTION 13: Telenex Corporation is a competitor of Distanet Corporation in the personal computer market.After examining past and future price and sales data and consulting
QUESTION 13:Telenex Corporation is a competitor of Distanet Corporation in the personal computer market.After examining past and future price and sales data and consulting an economist and an accountant, the directors of Distanet Corporation vote to reduce the price of their computers, believing that by reducing the price of their products the corporation will compete more successfully with Telenex Corporation.Aileen, a stockholder of the Distanet Corporation, brings an action to enjoin (prohibit) the directors from putting the price-cutting policy in operation.Aileen contends that if the policy is followed, the corporation will lose money.Will the court grant the injunction?Why or why not?
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