Discussion Activity #3 allows us to focus on key resources for the firm. One key resource is intellectual property, such as patents, trademarks, and copyrights. Another special situation is trade secrets, which can stay hidden from competitors. Please answer all of the following questions. 1) First, briefly define the following: patents - trademarks - copyrights - trade secrets. 2) Next, what are some designs for Wright State University are protected by trademarks? Do not forget to consider not only the academic side of the university, but others as well, such as the athletic department. 3) With respect to intellectual property, what type of intellectual property provides the most protection for firms? Justify your answer. 4) Why would a firm protect a resource through trade secret rather than by a formal patent? It might also help you to use examples in order to make your point(s)