The copyright gives its owner
A. the exclusive right to sell a work of intellectual property.
B. the ability to protect its "brand" like Coca-Cola.
C. (usually students) the right to make photocopies for friends.
D. the exclusive right to sell an invention.
Answer: A
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What did the European Central Bank (ECB) do to bolster the value of the euro in September 2000?
What will be an ideal response?
The Herfindahl-Hirschman (HH) Index is used to
A) measure the degree of nonprice competition. B) measure the degree of market concentration in an industry. C) measure the extent of price leadership. D) None of the above
What is the Customer Acquisition Cost?
a. Total cost of customers b. Average cost per customer c. The marginal cost of acquiring another customer d. All of the above
Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equation TC = 300 + 10Q, where Q represents the number of t-shirts you make. As you increase your production of t-shirts, your average fixed cost ________ and your marginal cost ________.
A. increases; decreases B. stays the same; increases C. decreases; increases D. decreases; stays the same