Asked by MINTESNOTE ASSEFA on Feb 18, 2024



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.

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

Brianna Willett

Feb 18, 2024

Final Answer :
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.