Blog Magazine Buys and Publishes an Article by Cleo

question 17

Multiple Choice

Blog magazine buys and publishes an article by Cleo.Later,Blog markets a Web site database that contains a compilation of Blog articles,including Cleo's,without her consent.Blog has committed

• A)copyright infringement.
• B)patent infringement.
• C)theft of trade secrets.
• D)trademark infringement.

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Definitions:

Perfectly Competitive

A perfectly competitive market is an economic theory of a market where all participants are price-takers, and goods are completely homogeneous, ensuring no single buyer or seller has market power.

Economic Profits

The financial gains that are realized when total revenues exceed total costs, including both explicit and implicit costs.

Accounting Profits

The net earnings of a company as calculated by subtracting all explicit costs from total revenues, according to standard accounting practices.

Fixed Costs

Costs that do not vary with the level of output or production, such as rent or salaries.