Discuss the limitations of the Utilitarian Theory.

The Utilitarian Theory of intellectual property (IP) rights is grounded in the belief that granting exclusive rights to creators benefits society as a whole by promoting innovation and the dissemination of knowledge. Under this framework, IP rights are justified if they maximize the overall happiness or utility of society. However, this theory has several limitations, which have been the subject of significant debate among scholars and policymakers.

First, the utilitarian theory assumes that the distribution of benefits from IP rights will lead to a net gain in societal welfare. However, it often fails to account for the ______ ___ ___ ________ ___ _______ _____ __________ ___.
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