Ask Question
BusinessBusiness
30 May, 04:29

Explain why the scenario below fails to address the protection that patent laws offer inventors.

Situation: Raymond is an inventor and he has copied a product that he knows is patented.

Raymond: "This product is going to sell very well, and I am not concerned about getting caught. The worst that will happen is that I will pay a fine."

+4
Answers (1)
  1. 30 May, 04:46
    0
    The punishment given to copy the brain is very negligible.

    Explanation:

    The rule should be in such a manner that,

    It does not punish the person who has not involved in the act of crime Punishment should be in a manner that, it gives an opportunity for the criminal to correct himself.

    Scenario explained:

    Based on this idea, for this scenario, I feel like using the product of someone which is patented is crime but the punishment given for copying the product of someone is negligible. So anyone can try to copy, just pay fine if they are caught. So this neither satisfies rule number 1 mentioned above, nor satisfies rule number 2.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Explain why the scenario below fails to address the protection that patent laws offer inventors. Situation: Raymond is an inventor and he ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
As children grow older, their discretionary income usually increases. The best conclusion to draw about the variables age and income are that they are: (A) causally related (B) uncorrelated (C) negatively correlated (D) positively
Answers (1)
Rob Grier, a friend of yours, has recently purchased a home for $125,000, paying $25,000 down and the remainder financed by a 10.5%, 20-year mortgage, payable at $998.38 per month.
Answers (1)
On December 31, 20--, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must account for two days of wages.
Answers (1)
In which type of market would you find it the most difficult to buy goods from another country? pure market economy closed economy traditional economy mixed market economy
Answers (2)
Laurel, Inc., has debt outstanding with a coupon rate of 5.9 % and a yield to maturity of 7.2 %. Its tax rate is 38 %. What is Laurel's effective (after-tax) cost of debt? NOTE: Assume that the debt has annual coupons.
Answers (1)
New Questions in Business
Badger Corporation declared a stock distribution to all shareholders of record on March 25 of this year. Shareholders will receive one share of Badger stock for each 10 shares of stock they already own.
Answers (1)
Marketing ethics is most important for advertising agencies. maximizes an organization's positive impact on society. refers to principles and standards that define acceptable conduct in marketing. are laws and regulations that govern marketing.
Answers (2)
In a recent study, young soccer players who were given task-oriented feedback from parents perceived their motivational climate as being more
Answers (1)
If in a perfectly competitive industry, the market price facing a firm is below its average total cost but above average variable cost at the output where marginal cost equals marginal revenue:a. the industry supply will not change. b.
Answers (1)
Under what circumstances is it advantageous for a taxpayer to make a nondeductible contribution to a traditional IRA rather than a contribution to a Roth IRA? Tax Payer Status Maximum AGI limit Starting phase out limit a. Married filing joint b.
Answers (1)
Home » Business » Explain why the scenario below fails to address the protection that patent laws offer inventors. Situation: Raymond is an inventor and he has copied a product that he knows is patented.
Sign Up Forgot Password?