Effect of counterfeit goods and black markets

Explain the effect of counterfeit goods and black markets on international product strategies. Describe what counterfeit goods are and how companies protect their intellectual property and trademarks from counterfeit goods? Why do countries have counterfeiting markets? What countries are those? What type of goods are common for counterfeiting? What damage does counterfeiting cause? Have you ever purchased a counterfeit item? Describe your personal experience.
It must be meaningful and demonstrate relevance to the topic, knowledge of the topic, proper grammar, spelling, and SOURCE CITATIONS are expected.

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