Question
1. Consider the case of intellectual property rights, such as the ownership of a copyright by an author of a book. Would you characterize the
1.Consider the case of intellectual property rights, such as the ownership of a copyright by an author of a book. Would you characterize the copyright as a non-rivalrous good? However, is such a copyright also non-excludable? Justify your answer with economic reasoning. (10 marks)
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
