Question: Copyrights provide authors with a monopoly. (a) What effect would eliminating copyrights have on the price and output of textbooks? (b) Should copyrights be eliminated?

Copyrights provide authors with a monopoly.
(a) What effect would eliminating copyrights have on the price and output of textbooks?
(b) Should copyrights be eliminated?
(c) Give some other examples where patents and copyrights exist and what the costs and benefits are.

Copyrights are exclusive rights granted to the creator or author of the original work. Copyrights provide a power of monopoly to the author.

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a If copyrights will be eliminated from the text books then monopoly of the author will be finished He will be no more single profit taker of the text... View full answer

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