Multiple Choice
Producers of computer software are plagued with the problem of "pirating," that is, many people copy software legally purchased by others.The industry estimates that for each legal copy of a program, there are two pirated copies in use.The industry wants strict laws for the enforcement of its "intellectual property rights," but enforcement is obviously very difficult.Economists call this problem
A) depletability.
B) externality.
C) durability.
D) nonexcludability.
Correct Answer:
Verified
Correct Answer:
Verified
Q167: Is increased production of a good beneficial
Q168: A main cause of the cost disease
Q169: Asymmetric information may cause<br>A)used goods in excellent
Q170: Many cities have summer pops series in
Q171: Which of the following is not true
Q173: Which of the following is not generally
Q174: A potential cause of competitive market failure
Q175: Government gives subsidies to encourage production of
Q176: If a firm's production creates detrimental externalities,
Q177: An efficient allocation of resources requires that