Once the copyright runs out on a book or musical composition, the work can legally be put on the Internet for anyone to download. U.S. copyright law protects the monopoly for 95 years after the original publication. But in Australia and Europe, the copyright holds for only 50 years. Thus, an Australian Web site can post Gone With the Wind, a 1936 novel, or Elvis Presley’s 1954 single “That’s All Right,” while a U.S. site cannot. Obviously, this legal nicety won’t stop American fans from downloading from Australian or European sites. Discuss how limiting the length of a copyright would affect the pricing used by the publisher of a novel.

5. Government Actions That Reduce Market Power