Why is the selling of the given type of merchandise legal


Problem

What is the difference between counterfeit, graymarket, and black-market merchandise? Is the selling of this type of merchandise legal? Do you believe that selling these types of merchandise should be allowed? Provide a rationale for your position. Would you purchase a counterfeit wallet? What about a counterfeit car part or prescription medication?

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.

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Microeconomics: Why is the selling of the given type of merchandise legal
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