Taylor Digitally Copies Business Software Without the Authorization of the Owners

question 71

Multiple Choice

Taylor digitally copies business software without the authorization of the owners and sells the copies to others via the Internet.Under federal law,this is

• A)a crime only if the copies are not the same as,or close to,the original.
• B)a crime only if Taylor and the buyers are in different jurisdictions.
• C)not a crime.
• D)a crime.

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Definitions:

Social Planner

A theoretical decision-maker who aims to achieve the best possible outcomes for a society, considering all available information and societal preferences.

Producer Surplus

The difference between what producers are willing to sell a good for and the price they actually receive, signifying the benefit to producers from trade.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied, typically upward sloping.

Ticket Scalping

The practice of buying tickets to an event and reselling them at a higher price, often to profit from high demand and limited supply.