Which of the following definitions is not correct?
A) "Natural scarcity" occurs when there is an inadequate supply of something.
B) A "copyright collective" is an organization of copyright holders that administers rights on behalf of those members.
C) The "public domain" refers to works that belong to the community as a whole and therefore can be used by anyone.
D) "Royalties" consist of monetary payments made to an author in exchange for the right to use the author's work.
E) "Non-rivalrous" refers to a situation in which an intellectual property-holder exercises a monopoly in the market.
Correct Answer:
Verified
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