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An employee leaves a company and has been developing one of its products for the last 3 years.That product is a glue that remains tacky for hours, enabling certain types of art work to be performed.After he leaves the company, the employee joins another company and finalizes the glue development for his new company.Who is likely to own the rights of the intellectual property involved in the formulation of the glue?
Economic Profits
Profits exceeding the opportunity costs of all resources employed, indicating an above-normal return.
Monopolist
An entity or firm that is the exclusive provider of a product or service in a market, enabling it to control prices and market conditions.
Market Demand
The total quantity of a product that consumers are willing and able to purchase at various prices during a specific time period.
Marginal Costs
The additional financial burden of creating one more unit of a product or service.
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