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- Piracy, the unauthorized use of IPR, is a critical issue in the entertainment industry. Several file-sharing services—USENET, BitTorrent, and Limewire—enable users to download movies, TV programs, and music virtually for free. A predominant way in which firms have taken action against file-sharing is through Digital Rights Management (DRM), which includes several technologies that curb the usage of digital content. DRM has been the object of severe criticism, targeted for everything from harming legitimate users to preventing viral marketing and presenting a powerful obstacle to free trade. What is worse is that most DRM systems have been cracked quite easily. Considering both the ease of piracy and the relative failure of preventive measures, how should media firms safeguard their IPR and secure their profitability? Should they seek other IPR technologies? Should they aggressively seek and bring offenders to trial? Or are there ways in which firms can make profit while allowing open…Politicians and citizens may often choose policies that reduce economic efficiency because they are perceived as “fairer.” true or falsePatents, Trademarks, and Copyrights... Group of answer choices Allow individual innovators to form companies and possess monopoly power for 30 years Allow innovators to possess monopoly power forever. Provide limited monopoly power. Allow innovative firms to achieve monopoly power for one year.
- Explain lack of information to entrepreneurs as a cause of market failureMonopolies cause a lot of deadweight losses. Describe way through which policy makers can respond to inefficiencies caused by monopolies in an economy. List potential problems associated with each of these policy response mechanisms and the portfolio of the factors that you have consultedExamples of this market from uae or Gcc countries : 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:
- Any activity designed to transfer income or wealth to a particular individual or firm at society & expense is called ............ patent protection. X-inefficiency. price discrimination. rent-seeking.the presence of competition in free markets and why A)is undesirable because it results in unnecessary duplication of efforts b)usually result in better quality and lower prices c) is rare since most markets eventually evolve into monopolies d). is undesirable because one big firm can usually produce goods more efficiently than a large number of small firmsThe distinctive way of life allegedly developed in urban areas is referred to as __________.
- The intention of deregulating markets such as air passenger transport in the late 1980s and early 1990s was to a. improve returns to shareholders. b. provide greater consumer choice and lower prices c. increase labour market flexibility. d. increase tax revenue. A key factor in the incomes of the Roman Empire being slightly higher compared to after the fall of the Roman Empire was because a. double entry book keeping meant firms could trade with certainty. b. the known world was relatively open to trade. c. government spending was low. d. there were well developed credit markets.Which of the following statements is false? The owner of a patent is not obliged to grant a license A patent gives its owner the right to exclude others from using the invention The exclusive rights may be limited under certain conditions The patent owner is not required to disclose his inventionRecent years have seen the introduction of Uber and Lyft, which enable customers to find a ride using an app on their smartphone. In many cities, the two services undercut traditional taxi fares, leading to phenomenal growth. Uber and Lyft are best described as the a. marketing concept. b. sharing economy economic model. c. environmental marketing model. d. customer lifetime value model. e. sustainable marketing model.