Which of the following is a word, name, symbol or device that shows the creator of the good and can only be used bythat firm?coрyrightpatenttrademarkWhich of the following is a legal rule that prohibits copying of material in order to protect the rights of those responsible forthe creation of the good?O patentcoрyrighttrademark8:18 PM46°F12/15/2021 E ReadingOResourcesSubmit AllQuestion 12 of 30Which of the following describes rules created by governments that allow for exclusivity in sales, use, and production of aninvention for a limited period?O trademarkO copyrightO patentWhich of the following is a word, name, symbol or device that showscreator of the good and can only be used bythat firm?copyrightpatentO trademark&18 PM> 回菲●昌见会12/15/202146°Fa近

As a sort of intellectual property, a trademark (also known as a written trademark or trademark) is…

Answered: Which of the following is a word, name,…

Which of the following is a word, name, symbol or device that shows the creator of the good and can only be used by that firm? cоруright patent O trademark

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 40P: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in...

See similar textbooks

Similar questions

Explain why the federal government funds national defense.
As the extent of environmental protection expands, would you expect marginal costs of environmental protection to rise or fall? Why or why not?
Assume that the marginal private costs of a film producing fuel-efficient can; is greater than the marginal social costs. Assume that the marginal private benefits of a firm producing fuel efficient cars are the same as the marginal social benefits. Discuss one wags.r that the government cans ï¬‚y to increase production and sales of fuel efficient cars to the socially desirable amount. Hint: the government is flying to affect production through costs, net benefits.
As the extent of environmental protection expands, would you expect the marginal benefits of environmental protection to rise or fall? Why or why not?
Four roommates are planning to spend the weekendin their dorm room watching old movies, and theyare debating how many to watch. Here is theirwillingness to pay for each film:Dwayne Javier Salman ChrisFirst film $7 $5 $3 $2Second film 6 4 2 1Third film 5 3 1 0Fourth film 4 2 0 0Fifth film 3 1 0 0a. Within the dorm room, is the showing of a moviea public good? Why or why not?b. If it costs $8 to stream a movie, how many moviesshould the roommates stream to maximize totalsurplus?c. If they choose the optimal number from part (b)and then split the cost of streaming the moviesequally, how much surplus does each personobtain from watching the movies?d. Is there any way to split the cost to ensure thateveryone benefits? What practical problems doesthis solution raise?e. Suppose they agree in advance to choose theefficient number and to split the cost of the moviesequally. When Dwayne is asked his willingness topay, will he have an incentive to tell the truth? Ifso, why? If not, what will he…
"Since the occurrence of COVID-19 health crisis in Gaza in early 2020, severalexternalities existed during the partial, and complete economic lockdown."Answer the following questions: b. Give an example on an externality (domestic or international) that occurredduring COVID-19 economic crisis.
Suppose that the government wishes to encourage the manufactureand sale of small cars. The current supply and demand of small carsare: Qs = −(10/9) + (1/9)P; Qd = 100 − P, where Q is in millions ofcars and P is in hundreds of dollars.Now, suppose that the government is considering two alternative plansfor encouraging small car sales. Under Plan A, every car manufacturerwill receive a $500 rebate from the government for each car sold. Underplan B, every purchaser of a small car will receive a $500 rebate fromthe government.Which of the plan is more effective in encouraging sales? Show bycomputing the equilibrium quantity under each plan.
10. Which is not a valid argument favoring the use of output regulation over input regulation?a. Firms may have different ways of reducing pollution.b. Firms may know better than the government how to reduce pollution cheaply.c. It may be easier to monitor the use of technology than the level of emissions.d. Output regulations, when enforceable, can ensure that the efficient level of pollution is not exceeded.
The government should:A. Protect Property Rights and Provide infrastructure B. Ensure Competition and that information flows freely C. Minimize unpleasant side-effects D. All of the above When our resources are no allocated efficiently by the private sector using the price mechanism it is called a:A. Property RightB. Market FailureC. Government FailureD. Command-and-Control What are the two approaches the government can take for Environmental Regulation? (Choose two)A. Command-and-ControlB. Threaten Jail timeC. Take control of industyD. Incentive based regulation
a) If the only goal of a regulator of a natural monopoly firm that charges a uniform price is to ensure that the firm produces the socially optimal level of output, and the regulator has the authority to order the firm to do so, explain why this power could not be exercised when the viability of the firm is taken into account. b) Explain why a regulator, whose sole objective is to ensure that a monopoly firm produce the socially optimal output, would have no need to do anything if the firm were a perfectly discriminating monopoly. c) If the market demand curve is common knowledge for a natural monopoly firm and a regulator, but unlike the firm, the regulator has no information about the firm’s cost curves. Explain how a regulator could incentivize the firm to produce the socially optimal output, bearing in mind that the regulator does not even know which level of output is socially optimal?
. Some dissenting scientists at Environment Canada disagree with the estimate of $1.50 for theenvironmental externality. They believe that the incidence of the externality is not constant acrossdifferent levels of production; instead the size of the externality is proportional to the level of output.That is, the larger is the output, the larger is the externality. Their research suggests that the truesocial cost of cereal production diverges from private costs at every level of production by an amountequal to ten percent of production (note: ten percent, not ten percentage points).The government would like to know the economic effects of implementing a tax to internalise theexternality in this case. Draw the diagram for this market and policy. Solve for all relevant Ps and Qs.Calculate producer surplus
Many economists favor a carbon tax as a way to discourage carbon emissions. Suppose such a tax were to be set at $20 per metric ton of carbon emissions (1 metric ton = 1,000 kilograms). Consider a 35% efficient coal-fired powerplant that produces 50MW of electricity. Given the carbon intensity of coal is 24gC/MJ, answer the following: a) What would the annual carbon tax be for this powerplant? Answer: $2.16 million/year b) A tree farm sequesters carbon at the rate of 5,000kg per year per acre over the 40-year life of the farm. What area of forest (in acres) would have to be planted to “offset” the powerplant’s emissions over the next 40 years (roughly the lifetime of the powerplant)? Answer: 21,600 acres c) How much could the powerplant operators pay for the forestry project (in $/acre-year) and still have it be cheaper than paying the $20 per metric ton carbon tax? Answer: $100/acre-year