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Which of the following statements is not true about counterfeiting of trademarked goods: It costs major companies substantial lost profits Many counterfeited goods are low

Which of the following statements is not true about counterfeiting of trademarked goods:

  1. It costs major companies substantial lost profits
  2. Many counterfeited goods are low quality
  3. If the buyer of the counterfeit goods knows they are counterfeit there is no law violation
  4. Counterfeiting can hurt the reputation of the trademark owner
  5. All of the above are true

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