Some media companies (especially in music and movie industries) run ads claiming that downloading or copying media
Question:
a. Is a DVD a nonrival good? Why or why not?
b. Suppose someone stole a DVD from a retail outlet. Regardless of how that person values the DVD, does the movie company lose any revenue as a result of the theft? Why or why not?
c. Suppose someone illegally downloaded a movie instead of purchasing it. Also suppose that person placed a high value on the movie (they valued it more than the price required to purchase it legally). Does the movie company lose any revenue as a result of the theft? Why or why not?
d. Suppose someone illegally downloaded a movie instead of purchasing it. Also suppose that person placed a low value on the movie (they valued it less than the price required to purchase it legally). Does the movie company lose any revenue as a result of the theft? Why or why not?
e. How is illegally downloading media like retail theft and how is it not?
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a The DVD is a rival good because one person owning a DVD means another person cannot o...View the full answer
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