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Question
Which of the following statements is true of intellectual property?
A. Intellectual property requires that certain types of information are not disclosed to the public.
B. The type of information is irrelevant in determining the time, effort, and money required to convert intellectual property to intangible assets.
C. The basic economic system of intellectual property is grounded in the idea of incentives.
D. There is little correlation between research and development (R&D) and intellectual property in determining the competitive advantage of a firm.
E. An economic system based on intellectual property presumes that the long-term benefits of increased information and investment are lower than the short-term costs.
Answer
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