A Company That Formerly Produced Software Went Out of Business

question 312

Multiple Choice

A company that formerly produced software went out of business because too many potential customers bought illegally-produced copies of the software instead of buying the product directly from the company.This instance serves as an example of

• A) market power.
• B) inefficient trade.
• C) inadequate enforcement of property rights.
• D) the invisible hand at work.

---

Definitions:

Retarded Development

Retarded development refers to significantly delayed physical or mental growth and development, potentially due to genetic, environmental, or other factors.

Smallpox

A contagious, disfiguring, and often deadly disease that has been eradicated globally thanks to vaccination.

Prenatal Development

The process by which a baby develops inside the mother's womb or uterus, spanning from conception to birth.

Embryonic Stage

A critical phase in prenatal development that occurs from the end of the second week to the end of the eighth week after fertilization, during which the major organs and structures of the organism begin to develop.