Poor countries that join the World Trade Organization (the WTO) must agree to pr
ID: 1247837 • Letter: P
Question
Poor countries that join the World Trade Organization (the WTO)
must agree to prevent the illegal production of generic drugs that violate the patents of multinational drug companies and the illegal copying of music CDs, software, and textbooks that violate copyrights.
a.
Would it be efficient or inefficient to impose a large fine on a poor country that failed to prevent the illegal production of generic drugs or the illegal copying of music CDs, software, and textbooks? Use the concepts of marginal benefit, marginal cost, total surplus, and deadweight loss to explain your answer.
Format
Length should be one page, single spaced.
Make sure you answer all the parts of each question.
For references, put only author and date in the text and the full citation at the end of the paper (unless you are quoting, in which case add a page number to the author and date).
Fully cite all references used. If you have any questions about citations, please ask us because even inadvertent plagiarism counts as plagiarism.
Any graphs and tables should be put into an appendix after the last page of the paper. Start an appendix on a new page. Include in appendices only those graphs and tables referred to in the text. All tables must have a title and a source. Put the source one line below the end of the table.
Check the spelling!
Explanation / Answer
too late