Asked by MINTESNOTE ASSEFA on Feb 18, 2024
Verified
How much does IP theft cost the United States every year?
A) $3 billion to $5 billion
B) $100 billion to $200 billion
C) $225 billion to $600 billion
D) It is incalculable.
A) $3 billion to $5 billion
B) $100 billion to $200 billion
C) $225 billion to $600 billion
D) It is incalculable.
Intellectual Property (IP)
Intangible personal property created by human intelligence, such as ideas, inventions, slogans, logos, and processes.
- The impact of IP theft on the United States economy
- The range of estimated costs associated with IP theft
- The difficulty in accurately quantifying the exact cost of IP theft
Verified Answer
BW
Brianna Willett
Feb 18, 2024
Final Answer :
C
Explanation :
According to various studies and reports, IP theft costs the United States between $225 billion to $600 billion annually. This includes losses from counterfeiting, piracy, and theft of trade secrets, patents, and copyrights.
Learning Objectives
- The impact of IP theft on the United States economy
- The range of estimated costs associated with IP theft
- The difficulty in accurately quantifying the exact cost of IP theft
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