Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 12R, Problem 4CTQ
To determine
The strategies that can be adopted by the CEO of the firm to deal with the music piracy.
Expert Solution & Answer
Explanation of Solution
Following strategies can be followed to deal with music piracy issue:
- The company should create awareness among the users for using pirated music by explaining the legal consequences.
- The CEO should develop a watermarking system that can be used to trace the distributors of selling pirated music. This can be done by using strong online networks.
- CEO can ask their technical team to trade illegal distribution and cease their access to run illegal websites.
- Actions should be taken by the CEO that will prune the web for pirated stuff.
Economics Concept Introduction
Music piracy: Music piracy refers to the act where music files are downloaded from various sources such as spotify and convert them into CDs for further selling at lower price than the prices offered at legal platforms.
Chapter 12R Solutions
Krugman's Economics For The Ap® Course
Ch. 12R - Prob. 1MCQCh. 12R - Prob. 2MCQCh. 12R - Prob. 3MCQCh. 12R - Prob. 4MCQCh. 12R - Prob. 5MCQCh. 12R - Prob. 6MCQCh. 12R - Prob. 7MCQCh. 12R - Prob. 8MCQCh. 12R - Prob. 9MCQCh. 12R - Prob. 10MCQ
Ch. 12R - Prob. 11MCQCh. 12R - Prob. 12MCQCh. 12R - Prob. 13MCQCh. 12R - Prob. 14MCQCh. 12R - Prob. 15MCQCh. 12R - Prob. 16MCQCh. 12R - Prob. 17MCQCh. 12R - Prob. 18MCQCh. 12R - Prob. 19MCQCh. 12R - Prob. 20MCQCh. 12R - Prob. 21MCQCh. 12R - Prob. 22MCQCh. 12R - Prob. 23MCQCh. 12R - Prob. 24MCQCh. 12R - Prob. 25MCQCh. 12R - Prob. 1FRQCh. 12R - Prob. 2FRQCh. 12R - Prob. 3FRQCh. 12R - Prob. 2CTQCh. 12R - Prob. 4CTQCh. 12R - Prob. 5CTQ
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