In the desire to have a celebrity's image protected to prevent it from being used in ways he would not approve, a celebrity's estate
A) will probably not be successful, since there are no laws regulating this kind of use in the United States.
B) will most likely be more successful in developing countries than in high-income countries, since property regulations are better enforced in developing countries.
C) can rely on U.S. laws that protect intellectual property rights to prevent the unauthorized use of his image.
D) will have to be granted a patent declaring the celebrity's image a new product, and this will give the estate protection for 7 years.
Question 2
Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the right, but the supply curve shifts more than the demand curve. As a result
A) both the equilibrium price and quantity of DVD players will decrease.
B) the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease.
C) the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase.
D) the equilibrium price of DVD players will decrease; the equilibrium quantity will increase.
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