Question

The Internet has created some special problems of intellectual property. One problem is that the

Question 9 options:

	Internet is a monopoly, so the price of intellectual property exceeds marginal cost
	Internet market has not yet reached equilibrium
	property that can be downloaded, modified, and then re-sold
	marginal cost of enforcing property rights exceeds the marginal benefit
	price of intellectual property usually exceeds the marginal benefit

Answer 1

The internet has created some special problems of intellectual property . One problem is that the Internet is a monopoly , so the price of intellectual property usually exceeds the marginal cost. Hence, option(A) is correct.