The CASE 11

question 12

Multiple Choice

The CASE 11.3 Kirtsaeng v.John Wiley & Sons,Inc.(2013) involves the __________ which holds that once a copyright owner sells a copyrighted product,the owner cannot prevent its resale or transfer to others.

• A) Contributory Copyright Doctrine
• B) Copyright Misuse Doctrine
• C) Fair Use Doctrine
• D) First Sale Doctrine

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Definitions:

Creative Destruction

Creative destruction is an economic concept describing the process by which new innovations lead to the demise of older technologies or businesses, thereby fostering growth and economic progress.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the financial gain in excess of the opportunity costs.

Production Costs

Expenses incurred in the process of creating or manufacturing a product, including materials, labor, and overhead costs.

Marginal Cost

The additional cost incurred by producing one more unit of a product or service.