Problem:
Which of the following statements referring to intellectual property rights and violations is INCORRECT? Question options:
1) Richer countries claim looser regulation of intellectual property rights will hinder innovation.
2) Companies can register a global patent, trademark, or copyright through the World Trade Organization (WTO).
3) The International Anti-Counterfeiting Coalition estimates international trade in counterfeit products at $600 billion a year.
4) Developing markets claim tougher regulation of IPRs will slow, if not halt, their economic development.