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Author Question: Once the copyright on a book expires A) no publisher can claim copyright of that author's words, ... (Read 108 times)

NClaborn

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on: Jun 29, 2018
Once the copyright on a book expires
 
  A) no publisher can claim copyright of that author's words, but the book can be reissued by any publisher.
  B) only the first publisher to reissue the book can claim copyright of that author's words.
  C) any publisher can now claim copyright of that author's words.
  D) no publisher can claim copyright of that author's words because the book can never be reissued.

Question 2

How is the wage rate determined when a union faces a monopsony?
 
  What will be an ideal response?


mtmmmmmk

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

When a monopoly seller, such as union, bargains with a monopsony buyer, such as a large firm, the situation is called bilateral monopoly. The wage rate will be lower than the union's monopoly wage rate and higher than the buyer's monopsony wage rate. Within this range, the actual wage rate depends on the cost that each party can inflict on the other. Everything else the same, the more cost that one party can inflict on the other, the closer the actual wage rate will be to that party's desired wage rate.


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