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Describe the declining phase of the leverage cycle.
Easy-to-Copy Products
Products that can be replicated or imitated with ease due to their simple designs, lack of patent protection, or the availability of manufacturing techniques.
Stimulate Innovation
Encourages the development of new ideas, products, or processes to improve efficiency, effectiveness, or competitive advantage.
Infringe on Innovation
To infringe on innovation means to impose restrictions or barriers that limit the development and implementation of new ideas, technologies, or processes.
Pharmaceutical Industry
A sector of the health care system that discovers, develops, produces, and markets drugs or pharmaceuticals for use as medications.
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