**Question 7:**Copyright laws exist in order to:a. eliminate negative externalities.b. eliminate public goods.c. limit free-riding.d. solve the tragedy of the commons.e. protect consumers.

Public goods face market failure because they are nonexclusive and non rival in nature.

Answered: #7. Copyright laws exist in order to a.…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Similar questions

A neighborhood homeowners' association charges a fee when residents make loud noise from 9 p.m. until 7 a.m. This is similar to using _____ to reduce externalities from noise. Select one: a. command and control regulations treat everyone the same regardless of circumstances. b. a corrective tax to reduce a negative externality c. cap and trade to increase a positive externality d. a government subsidy to reduce a price floor
The tragedy of the commons: Select one: a. applies to the destruction of rival, excludable goods. b. applies to the destruction of nonrival, nonexcludable goods. c. explains the tendency to underconsume common resources. d. explains the tendency to overconsume common resources. e. applies to rival and nonexcludable goods. f. Answers D and E are correct.
Which of the following does not create market failure? A. Oil refining creates air pollution B. Airport creates noise pollution C. Production in a competitive market D. A good that is non-rival and non-excludable
How can the tragedy of the commons be averted? a. The government can implement a price floor. b. Property rights can be assigned. c. The government can implement a cap and trade policy. d. The parties involved can engage in public bargaining.
I need help with qusetion A, B and C
How would I solve b c and d
a. Which of the following situations exhibits a positive externality? __ Alan purchases a new watch as a gift for his father. __ Sean spends the afternoon cleaning his garage. __ Richard renovates a dilapidated historic home in the center of town. b. when there is a positive externality associated with the market __ too little is produced. __ too much is produced. __ the socially optimal amount is produced. c. Governments may stimulate the economy to move toward the socially optimal output by __ taxing the product __ subsidizing the product. __ implementing a price ceiling.
The net benefit to society from reducing pollution is equal to Select one: a. the additional benefit plus the additional costs. b. the quantity of pollution, such as the tons of reduction in sulfur dioxide. c. the sum of the benefits of reducing pollution and the costs. d. the difference between the benefits of reducing pollution and the costs.
If production of a good is known to create external benefits a. Those benefits are larger than those received by the consumers of that good b. Those benefits are smaller than those received by the consumers of that good c. Those benefits are the same as those received by the consumers of that good
If a price is within the bargaining range a. Both buyer and seller are better off. b. The buyer may be better off, but the seller is worse off. c. The buyer is worse off, but the seller may be better off. d. The good must be free of externalities.

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#7. Copyright laws exist in order to a. eliminate negative externalities. b. eliminate public goods. c. limit free-riding. d. solve the tragedy of the commons. e. protect consumers.