Authors Are Allowed to Be Monopolists in the Sale of Their

question 12

Multiple Choice

Authors are allowed to be monopolists in the sale of their books in order to:

• A) satisfy literary advocacy groups that exercise their lobbying power
• B) promote a society in which people think for themselves and learn from whichever books they please
• C) encourage authors to write more and better books
• D) correct for the negative externalities that the Internet and television impose

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Definitions:

Labor relations

The field that studies and manages the relationships between employers and their employees, particularly when employees are represented by a union.

Economic conditions

The state of an economy at a given time, including factors like inflation, employment rates, and GDP growth that influence business and labor markets.

Susceptible

Being likely to be influenced or harmed by a particular thing or condition.

Collective bargaining

The process where representatives of workers and employers negotiate over wages, working conditions, and other employment terms.