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Predatory pricing poses a dilemma that has perplexed and intrigued the antitrust community for many years. On one hand, history and economic theory teach that predatory pricing can be an instrument of abuse; on the other hand, price reductions are the hallmark of competition and the tangible benefit that consumers perhaps most desire from the economic system. The dilemma is intensified by recent legal and economic developments. Judicial enforcement is at a low level following the Supreme Court's most important predatory pricing decision in modem times, Brooke Group Ltd. v.