Question 4 Economic

ME 4 asaaaa (a) (b) Intellectual property (IP) is one of the most valuable assets of any rm. However, in a world of widespread piracy and strong trends in the illegal use of intellectual property, the registration and protection of intellectual property is of strategic importance to reduce unfair competition. In the context of the development of global markets, it is important for rights holders to have access to e'ective remedies not only in their own country, but also in foreign countries. The level of intellectual property (IP) protection largely determines the decision of copyright holders to enter foreign markets and transfer technologies to other countries. The total amount of investment is reduced in those jurisdictions where intellectual property rights are protected at a lower level. Thus, the protection of intellectual property rights at the international and regional level is closely linked to the global technological and cultural development in general, the creation, dissemination and use of existing and new proprietary technologies (Source: h_ttps: I/wwwmong comftrademarkll l22704hmfaircommon 111 ie-use-of-intellectual- -o ects- oblerns-and- -a- trademark) (i) Justify TWO (2) importance of intellectual property right to a company. (4 marks) (ii) Recommend TWO (2) alternatives of intellectual property protection to an innovation company. (10 marks) (iii) Argue if cartel could still exist with the antitrust laws. (3 marks) A company that serves foreign market plans to sell its products to international market; Interpret if international trade is related to balance of payment in a country