Producers of computer software are plagued with the problem of "pirating," that is, many people copy software legally purchased by others.The industry estimates that for each legal copy of a program, there are two pirated copies in use.The industry wants strict laws for the enforcement of its "intellectual property rights," but enforcement is obviously very difficult.Economists call this problem
A) depletability.
B) externality.
C) durability.
D) nonexcludability.
Correct Answer:
Verified
Q131: A public good is
A)always depletable and excludable.
B)always
Q132: Government often finds it difficult to cope
Q133: In a competitive market without intervention, pure
Q134: Externalities are failures of
A)the market to correctly
Q135: The City Symphony presents three open-air concerts
Q137: A true public good is characterized by
A)depletability
Q138: An appropriate government policy toward negative externalities
Q139: A public good is
A)any good provided by
Q140: The "free rider" problem occurs when a
Q141: A competitive market may misallocate resources over
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