The Internet Has Created Some Special Problems for Intellectual Property

question 35

Multiple Choice

The Internet has created some special problems for intellectual property. One problem is that:​

• A)the price of intellectual property exceeds marginal cost.
• B)the cyber market has not yet reached equilibrium.
• C)intellectual property can be downloaded, modified, and then resold.
• D)the marginal cost of enforcing property rights exceeds the marginal benefit.
• E)the price of intellectual property usually exceeds the marginal benefit.

Examine the linguistic capabilities and brain areas involved in bilingual language development.

Understand the concepts of time-weighted and dollar-weighted returns and their applications.

Recognize the importance and requirements of published data on mutual fund returns.

Comprehend and compare the historical volatility and returns of different asset classes.

---

Definitions:

Price Level

Denotes the average of current prices across the entire spectrum of goods and services produced in the economy.

Skimming Pricing

Setting the highest initial price that customers really desiring the product are willing to pay when introducing a new or innovative product.

Highest Initial Price

A pricing strategy where a new product is introduced to the market at a high price before possibly lowering it later based on demand and competition.

Innovative Product

A new or significantly improved product that introduces a novel feature or fulfills a specific need in a new way.