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Week 060405

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What Is Intellectual Property?

Differences betw. Tangible and Intellectual property..

Type vs. Token

Excludability
one is granted control over an item. this is tricky with IP
Non-rivalous consumption
Intellectual property is not consumed in the same sense that physical, tangible property is. Having a set of ideas does not preclude others from having the same set.

Not a zero-sum game.