Problem
A firm holds a patent that is estimated to be worth $20 million. The patent is repeatedly challenged in the courts by a large number of (moneyseeking) firms, each hoping to grab away the patent. If anyone is free to challenge the patent so that there is free entry into the litigation process, how much will end up being spent in the legal battles?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.