If all three are true then the market is 2/3 working as intended and 1/3 held back by patents that aren't being licensed out enough.
If all three are true then the market is 2/3 working as intended and 1/3 held back by patents that aren't being licensed out enough.
Alternatively, if all three are true, 1/3 are held back because of the lack of incentive to develop an invention.