What Is the Major Reason the Internet Has Such Potential

question 29

Multiple Choice

What is the major reason the Internet has such potential for destroying traditional conceptions and implementations of intellectual property law?

• A)the ability to make perfect copies of digital works at little cost
• B)the anonymous nature of the Internet
• C)the support for instant peer-to-peer communication
• D)the use of standards for file formats

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Definitions:

Total Cost

The sum of fixed and variable costs incurred by a business in producing a certain level of output.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating sensitivity.

Marginal Product

The increase in output that results from adding one more unit of a specific input, while keeping other inputs constant.

Substitutability

The degree to which one good can be replaced by another in consumption or production without affecting consumer satisfaction or output.