When can private property become public property? Does public property ever become private property? What are the advantages of keeping a formula as a trade secret rather than getting patent protection?

Week 7 Biz

Answer the following short answer essay questions. Each response should be approximately 500 words, using proper APA format and citation. Each question is worth 25 points. Submit to the appropriate assignment folder.

1. When can private property become public property? Does public property ever become private property?
2. What are the advantages of keeping a formula as a trade secret rather than getting patent protection?