Q Have you ever knowingly purchased a counterfeit product – perhaps a purse or a wallet or maybe a watch for example. What are some of the implications for your purchase decision for the real company as well as for the entrepreneur selling the counterfeit product. How do counterfeit products help an economy? How do they hurt it? How do decisions to buy counterfeit items influence new product development policies at companies? Would a legal system that protects property rights changes any of your answers?
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