Which of the following statements is true?
A) An intangible asset is a non-identifiable, non-monetary asset without physical substance.
B) A patent's commercial value may be shorter than its legal life because of competition.
C) Due to the short patent protection and high cost, many small startups should not spend their limited resources in managing their intellectual assets formally
D) In a market of IP, universities, small startups, and large established firms (e.g., in biotech) collaborate to commercialize the IP through economies of scope.
