=+11. Software has historically been an artificially scarce good it is nonrival because the cost of replication

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=+11. Software has historically been an artificially scarce good —it is nonrival because the cost of replication is negligible once the investment to write the code is made, but software companies make it excludable by charging for user licenses. But then open-source software emerged, most of which is free to download and can be modified and maintained by anyone.

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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