Intellectual property protection statute enacted

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Reference no: EM132231628

1. Four railroads are each worth $100 when each is owned by separate individuals and each individual chooses a different railroad gauge; however they are worth $800 when owned by the same individual and have a common gauge. This is due to

Uncertainty

Network Effects

Path Dependence

Intellectual Property Rights

Switching Costs

2. Which of the following in NOT an Intellectual Property protection statute enacted by the government?

Protection of Trade Secrets

DMCA

End User License

Copyright Act

Patent Act

3. Digitization technologies increase the “degree of publicness” of information goods because they reduce

None of the above

Fixed costs

Variable costs

Copying

Privacy

4. Markets for information goods like Operating Systems are more likely to be near monopolies because of some unique characteristics of information goods. Which of the following is NOT one of the drivers of a monopolistic structure for information goods?

Demand-side economies of scale.

Durability.

High Switching Costs for Consumers.

High fixed costs.

Low variable Costs.

Reference no: EM132231628

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