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 Once the copyright runs out on a book or music, it can legally be placed on the Internet for anyone to download. However, the U.S. Congress recently extended the copyright law to 95 years after the original publication. But in Australia and Europe, the copyright holds for only 50 years. Thus, an Australian Web site could post Gone With the Wind, a 1936 novel, or Elvis Presley’s 1954 single “That’s All Right,” while a U.S. site could not. Obviously, this legal nicety won’t stop American fans from downloading from Australian or European sites. Discuss how limiting the length of a copyright would affect the pricing used by the publisher of a novel

Category : Micro Economics | Answer: 1 2 Months Ago

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As long as the publisher owns the copyright, he will maximize profits by charging where his marginal revenue equals his marginal cost.  Once copyrights expire in other countries, the demand and marginal revenue curve for his products will shift in, decreasing the price he can charge and the quantity he can sell. Further limiting of copyrights would cause prices, quantities and profits to decline even more

2 Months Ago
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GreggVor

2 Months Ago