Why Is the “First-Sale Doctrine,” Including Understanding When It Does

question 71

Multiple Choice

Why is the “First-Sale Doctrine,” including understanding when it does and doesn’t apply, relevant to Netflix?

• A) It means content acquisition costs for DVDs are more predictable than streaming costs.
• B) It means that content acquisition costs for streaming are more predictable than DVDs.
• C) In cases of streaming media, it facilitates a shift of bargaining power to content suppliers.
• D) In cases of streaming media, it facilitates a shift of bargaining power to firms paying to license content from suppliers.
• E) None of the above.
• F) a & d
• G) b & c
• H) a & c
• I) b & d

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Definitions:

Atypical Members

Members of a category that do not conform to the typical characteristics or expectations of that category.

Knowledge-based Approach

A strategy or method that relies on using existing knowledge or information as a foundation for decision-making or problem-solving.

Similarity

The degree to which two or more objects, ideas, or concepts are alike or share common features, which can influence cognitive processes like categorization and memory recall.

Script

A sequence of expected behaviors for a given situation, often acting as a guide for social interaction or task execution.