Response to the following:
Six months ago, Acme, Inc. received a patent on a drug that will provide immortality to all. Acme's president has publicly stated he has no plans to market the drug. Beta, Inc. copies the drug and releases it on the market. Beta makes no profit on the sale of this drug and only charges enough to cover its costs in manufacturing.
Address the following:
1. Identify the intellectual property implications in this scenario.
2. Discuss how alternative dispute resolution applies.
3. Identify the ethical dilemma faced by Acme, and the dilemma faced by Beta. Use two theories of ethical thoughts to discuss the recommended course of action by both companies.
Instructions:
1. Write a 1500 to 2100 word essay using at least four credible sources.
2. Your essay must be in APA 6th edition format, and include a title page and references page. An abstract is not required.
No more than 10% of your writing should consist of quotes from other sources.