What do you understand by intellectual property induced dominance? Explain abuse of such dominance with the help of examples.
Intellectual property (IP) induced dominance refers to the ability of a company or an individual to leverage their intellectual property rights to gain an unfair advantage over their competitors in the market. It is a situation where a company is able to control a particular market or industry by utilizing its IP rights to restrict competition and limit access to certain products or services. Intellectual property induced dominance can occur in any industry where IP rights are held by a few key players, including pharmaceuticals, technology, entertainment, and publishing.
Abuse of intellectual property induced dominance occurs when a company or individual with strong IP rights uses these rights to harm competition, consumers, or innovation. The following are some ____ ________ __________ ______ ____ ___ ________ ____.
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