Loren has invented a product that detects water leakages caused by broken pipes and sends out an alarm similar to a smoke alarm However, Loren does not have sufficient finances to invest in thi new product. Therefore, he borrows money from his friends to enter the market and begins to experience some success. The product is not patentable because it is too similar to other existir technologies. Major corporations have seen his success and have now entered the market with competing products. Define, in detail, what will be the probable destiny of Loren's

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