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Q. Section 170 of Copyright Act states: “the fair use of copyrighted work ... for purposes such as criticism, comment, newsreporting, teaching (including multiple copies for classroom use), scholarship, or research, is an infringement of copyright.”

Q. The duration of each technology, Δ,

Q. Equilibrium duopoly hardware prices and profits are higher when the machines are compatible than when they are incompatible.

Q. Which of the following is true of a natural monopoly?

Q. The amount of uncaptured consumer surplus when information is digital exceeds the amount of uncaptured surplus when information is printed

Q. The at a price (connection fee) p0 is the minimal number of customers needed to ensure that at least this number of consumers will benefit from subscribing to the service at the fee p0.

Q. Which one of the following goods is nonexcludable?

Q. Which of the following is NOT an issue involving network externalities?

Q. A good that is rival and nonexcludable is a

Q. _ occurs when a new technology replaces an old technology, but the old technology yields a higher utility (or profit) to both users than the new technology.