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The free-rider concept occurs when a person enjoys the benefits of a good or service without paying for it. Music files are nonrival and effectively nonexcludable, thus creating a free-rider problem. The courts address this problem by enforcing copyright laws restricting the legal right to copy music files, although the cost of enforcing these property rights is high. Another solution to this problem may be to place a tax on MP3 players and distribute the revenues to performers and recording companies, but this approach doesn’t provide an incentive to limit illegal file sharing. Post your discussion regarding the best solutions to resolve this problem.
Do you concur that the best solution is for the courts to enforce property rights, and for the recording companies to pursue illegal music file sharers by suing for large penalties? Or would you rather see a tax placed on MP3 players where the tax revenues may be distributed to the music performers and recording companies?
Or do you have a proposal of your own which addresses this problem?
A monopolist firm serves 6 consumers. Each of the consumers only buy one unit of the good. Two consumers buy one unit if the price is lower or equal than $100 and the other four consumers buy one unit if the price is lower or equal than $10. The firm..
The backward-bending labor supply curve includes each of these variables except
q.consider an economy described by the following equationsy 10k.3l.7round y to the nearest 1000c 250 0.75y-ti 1000
How much equity would she have had in the house at the time of its sale.
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q1. the wall street journal once stated regarding fannie mae and freddie mac that their profit is privatized but their
GDP also consumption both rose by $8 billion in the second round, Illustrate what would have been the size of the multiplier.
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your respo..
Compute the resulting utility if the population were on million higher and one million lower than the optimum.
Evaluate the strength of your brgaining position for each option. Which of these would be the most advantageous?
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Now suppose your utility functioin is U= (square root)Wealth. What is the maximum you will pay for the bike check-in now.
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