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Critically appraise the following statement:I just invented a new product. I could do the research and development required to bring the product to the market,

Critically appraise the following statement:I just invented a new product. I could do the research and development required to bring the product to the market, but it would cost me RM100 million. Once other firms develop imitations of my product, I will earn an annual profit of only RM1 million. If I do not have a patent, I would be crazy to develop this product.

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