Firms continue to produce (illegally) counterfeit computer software and documentation. Some of the illegal copies are Microsoft products, though Microsoft still has a large share of the market for its products. The presence of enforced copyright protection laws indicates that the market for Microsoft software cannot be considered a competitive market because:
A) the products of pirates are not identical to those of Microsoft.
B) pirate producers are not profit-maximizing entrepreneurial firms.
C) buyers are not price takers.
D) there are significant barriers to entry.
Correct Answer:
Verified
Q1: In a perfectly competitive market, many firms
Q2: The existence of positive economic profits in
Q3: In the short run when the number
Q4: A firm will continue to operate in
Q5: The marginal cost curve is a competitive
Q7: Each firm in perfect competition:
A) sets quantity
Q8: In a perfectly competitive market, firms set:
A)
Q9: In a perfectly competitive market, economic forces
Q10: Which of the following is one of
Q11: In a perfectly competitive market, market prices
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