1.8. Many inventors decide that patents are a bad way to protect their intellectual property. Instead, they...

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1.8. Many inventors decide that patents are a bad way to protect their intellectual property.

Instead, they keep their ideas a secret. Trade secrets are actually quite common: The formula for Coca-Cola is a trade secret, as is Colonel Sander's secret recipe. What is one major strength of keeping a trade secret rather than applying for a patent? What is a major weakness inherent in going down the trade secret route?

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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