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Gillian Dempsey presents an alternative perspective on Intellectual Property (IP) policy in her article Revisiting Intellectual Property Policy: Information Economics for the Information Age. Briefly describe the conventional economics perspective on IP policy, including its theoretical underpinnings. Outline and explain Dempsey's alternative point of view. Compare and contrast these two perspectives, explaining why governments might prefer one policy position to the other in the Knowledge-Based Economy (KBE) era.
Should Ronald Reagan be considered a hero for his handling of the Cold War? Should Mikhail Gorbachev? In each case, explain why or why not
Assume that all expenditure is summarized in the following consumption and investment functions: Identify the equilibrium rate of output (or GDP). If full-employment GDP equals $2700 billion ,what kind of Gap will develop (recessionary or Inflationar..
A monopolist is trying to decide how to allocate output between two markets (Market1 and market 2). The demand curve for the two markets is given by: P1 = 15-q1 and P2= 25-2q2. The cost function of the monopolist is C= 5+3q1+q2. Calculate the price o..
Draw a long-run average total cost curve. What other names does it have? Why? There are three separate regions of it. List and explain each of them. List the reasons for the left side of this curve.
Suppose a caffeine-deprived man needs to wake up. Suppose his preferences on a day can be described by U=3*coffee+2*tea. If the price of coffee is $4 and the price of tea is $1. He has $12 to spend on these drinks on a day. Find his utility for the f..
Could the oligopoly market structure benefit both consumers and businesses by forging common standards in industries that experience rapid technological change.
A. Define producer and consumer surplus, and explain why market equilibrium maximizes welfare.
After the first year of payments, what is the outstanding balance? After the first 10 years of payments, what is the outstanding balance?
One approach that government can use limit the right to pollute would be by issuing pollution permits. Without a pollution permit, compan's aren't allowed to emit pollutants into air,
If a political candidate said that if she were elected to Congress, she would work toward cutting federal government spending by one-third over the next four years, would she stand much chance of fulfilling her promise? Why or why not? Discuss the pr..
Expand and construct the table add columns for relative frequency and cumulative relative frequency. Then plot Histogram, Frequency Polygon
Critically evaluate measures used by governments and central banks to manage the economies of their countries. By critical evaluation use convincing arguments for or against measures used to reduce, minimise or alleviate economic difficulties many..
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