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Problem of counterfeiting and piracy

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Reference no: EM133167637

Consider the case: Consumer A is strolling along Canal Street in New York City when she is accosted by a friendly salesperson who encourages her to see a range of "Louis Vuitton handbags" She examines a few before paying $80 for a Speedy 30, complete with the customary LV monogram, a significant discount from the bag's regular price of $970. Explain how is the problem of counterfeiting and piracy related to ethics and how institutions matter.

Reference no: EM133167637

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