The makers of the movie Titanic have some monopoly power over this film because the
A) movie is patented.
B) name Titanic is trademarked.
C) movie is protected by copyright law.
D) government has issued the maker of this movie a public franchise.
E) owner never price discriminated in marketing the movie.
C
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?Because trade across markets creates winners and losers,the overall surplus in the loser's market is diminished.
Answer the following statement true (T) or false (F)
Negative externalities might be reduced by creating new rights, which we would describe as ________
A) adjudication B) remuneration C) legislation D) substantiation E) reparation
From 2008 to 2014, the Fed engage in ________ rounds of quantitative easing
A) 1. B) 2. C) 3. D) 4.
Suppose the government designates certain areas within a community to be "wetlands," making it illegal to build on the land. What happens to land not classified as "wetlands" within the community? (i) The price of non-wetland land will rise. (ii) The marginal product of non-wetland land will fall. (iii) The marginal product of non-wetland land will rise
a. (i) and (ii) only b. (ii) only c. (i) and (iii) only d. (iii) only