Business Finance Homework Help

This is the entire prompt:

Some argue that R&D intensive industries’ incentives to engage in costly innovation are damaged or eliminated when others can almost costlessly adopt such innovations for their own products and services. Others argue that creating and protecting intellectual property through the governing authority’s granting and enforcement of a temporary monopoly (e.g., a patent) inhibits a greater good to humanity when the resulting (temporary) monopolist seeks restrictions on, and fees for, others’ use of its costly innovation. On an international front, a lack of clarity regarding which governing authorities, if any, recognize and attempt to enforce granted protections accentuates the concerns. How would YOU propose to address the costs and benefits of protecting intellectual property, including life-saving and other innovations, in their country of origin and internationally? Is the system of intellectual property working fine as it is, or should its enforcement be strengthened OR weakened given the concerns we’ve covered in this course?

Few readings are required before getting started:

– Besen, S. M., & Raskind, L. J. (1991). An Introduction to the Law and Economics of Intellectual Property. The Journal of Economic Perspectives, 5(1), 3–27.This article was published in 1991 and while there have been some small changes* to Intellectual Property (IP) laws since it was written, the article provides a good introduction to IP. Read to understand main categories, definitions, economic incentives and trade-offs

– Barry, C. (2015, April 13). Is downloading really stealing? The ethics of digital piracy. TheConversation.com.

– Arndt, R.Z. (2017, March 7). High U.S. drug prices cannot be explained by R&D spending alone. Modern Healthcare

– Pitts, P.J. (2017, May 9). The false promise of drug price controls. National Review

– Weintraub, A. (2015, February 12). Are sky-high prices for new drugs justified? Forbes

Paper is due Sunday night by 11:30 PACIFIC STANDARD TIME. PLEASE MAKE SURE YOU CAN SUBMIT IT BY THEN. THANKS. WILL TIP VERY HEAVILY.