Which of the Following Statements Referring to Intellectual Property Rights

question 35

Multiple Choice

Which of the following statements referring to intellectual property rights and violations is INCORRECT?

• A)Richer countries claim looser regulation of intellectual property rights will hinder innovation.
• B)Companies can register a global patent, trademark, or copyright through the World Trade Organization (WTO).
• C)The International Anti-Counterfeiting Coalition estimates international trade in counterfeit products at $600 billion a year.
• D)Developing markets claim tougher regulation of IPRs will slow, if not halt, their economic development.

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Definitions:

Sold

The past tense of sell, indicating that an item or service has been exchanged for money or its equivalent.

Price Fixing

An unlawful agreement between competitors to establish, raise, or maintain prices at a certain level, often aimed at maximizing profits by eliminating competition.

Distributor

An intermediary entity that buys products from manufacturers and sells them to retailers or directly to consumers.

Horizontal Price Fixing

An illegal agreement between competitors to fix, control, or maintain prices at a certain level, often leading to reduced competition.