Identify the Requirements That a Work Must Possess in Order

question 33

Essay

Identify the requirements that a work must possess in order to attract copyright protection,and briefly discuss any intended purpose for requiring same.

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Definitions:

Average Variable Cost

The total variable costs divided by the quantity of output, indicating the variable cost per unit of output.

Marginal Cost

The hike in production costs when an additional unit of a good or service is manufactured.

Market Price

The existing selling or buying price for a service or asset in a particular trading environment.

Economic Profit

The total revenue of a business minus its total costs, including both explicit and implicit costs.