The Impact of Internet Copyright Infringement Can Be Devastating

question 3

Multiple Choice

The impact of Internet copyright infringement can be devastating.Computer software developers and music producers,for example,have seen their industries destroyed by

• A)fair dealing.
• B)digital music sales.
• C)privacy.
• D)piracy.
• E)spam.

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Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Income

The money received, typically on a regular basis, for work or through investments.

Utils Per Dollar

A hypothetical measurement of the utility or satisfaction a consumer gains from spending one dollar on a good or service.

Risk-Averse

Characteristic of preferring to avoid risk, leading to preference for safer, more certain outcomes over riskier ones.