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Richtone Design Group LLC (Richtone) is a New York limited liability company (LLC) that owns the copyright to the Pilates Teacher Training Manual and licenses fitness instructors to teach pilates exercise programs. Live Siri Art, Inc. is a California corporation owned by Siri Galliano. Richtone learned that Live Siri Art and Galliano were selling the pilates manual over a website for profit without permission. They sold several copies of the manual to New York residents, making only about $ 1,000 in sales in New York from 2000 to 2012. Defendants have no office, property, or bank accounts in New York. Richtone brought a copyright infringement lawsuit against Live Siri Art and Galliano in U. S. district court in New York, alleging that the defendants were subject to personal jurisdiction in New York based on New York’s long arm statute. The defendants Live Siri Art and Galliano defended, alleging that they were not subject to suit in New York because they were residents of California, that they did not have the requisite minimum contacts with New York to be subject to suit in that state, and that to make them defend the lawsuit in New York violated their due process rights. The defendants made a motion to dismiss the New York lawsuit based on lack of personal jurisdiction. Are the defendants subject to lawsuit in New York? Richtone Design Group, LLC v. Live Art, Inc., 2013 U. S. Dist. Lexis 157781 (United States District Court for the Southern District of New York, 2013)
Assume that the marker for tradable emissions permits by power plants has been operating efficiently for several years. An engineering firm then invents a lower cost device for pollution abatement. What happens to the equilibrium market price of a tr..
Which of the following is NOT a possible way for a price-fixing scheme on potatoes to fall apart?
Budweiser, Miller and Coors, together with their subsidiary brands and foreign corporate partner brands produce 80% of all beer consumed in the US. Each spends well over $600 million a year on television advertising campaigns, promoting their beer br..
Show that the consumers optimal consumption bundle will change despite them being able to afford their original bundle.
Can we conclude that an individual participating in the program would be worse off if provided with a cash grant of $50 instead of the viagra?
As the manager of a monopoly, you face potential government regulation. Your inverse demand is P = 45 - 1Q, and your costs are C(Q) = 17Q. Determine the monopoly price and output. Monopoly price: What is the maximum amount your firm should be willing..
Big State U charges in-state and outstate students different tuition rates. Instate students pay $2000 a term, and respond according to the following demand equation: QI = 23,000 - 2TI where QI = in-state student enrollment and TI = instate tuition. ..
Which of the following characteristics relate to perfect competition? The curve that is most relevant to the firm's decision to produce or shut down in the short run is:
Hamsung , Inc., a manufacturer of electronic appliances, estimated the unit cost of one of its products as follows: Material costs $ 63 Labor costs $ 24 Overhead $110 $197 The overhead cost is made up of $50 per unit variable costs and $60 per unit f..
What are the roles of government in the market economy? Based the current economic conditions, to what extent should the government intervene in the market economy?
When rival firms choose to take actions that represent a Nash equilibrium, Which of the following statements is (are) true statements about a credible commitment?
Suppose that your firm's marginal cost of producing a pencil is 5 cents and the average cost of producing a pencil is 3 cents. If your firm is interested in minimizing average total costs, what should your firm do?
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