Pop Pix, Inc

question 9

Multiple Choice

Pop Pix, Inc., owns and sells photos from its database on the Internet. Query Corporation operates a search engine that displays its results in thumbnail images, which sometimes include copies of Pop Pix's photos, without its permission. Query's use of the photos is most likely

• A) a fair use.
• B) a license.
• C) a novel and not obvious use.
• D) a violation of intellectual property law.

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Definitions:

Elastic Demand

A market situation where the quantity demanded of a good or service changes significantly as its price changes.

Short Run

A period during which at least one of a firm's inputs is fixed, limiting its ability to adjust production levels.

Long Run

A period of time in economics sufficient for all markets to adjust to changes, including the production capacity of the industry.

Price Paid

The actual amount of money exchanged for acquiring a good or service.