A creator of an action movie who wants to protect their intellectual property would apply for which of the following?

A) a trade secret B) a copyright C) a patent D) a trademark

B) a copyright

Economics

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Max Shreck, an accountant, quit his $80,000-a-year job and bought an existing tattoo parlor from its previous owner, Sylvia Sidney. The lease has five years remaining and requires a monthly payment of $4,000

Max's explicit cost amounts to $3,000 per month more than his revenue. Should Max continue operating his business? A) If Max's marginal revenue is greater than or equal to his marginal cost, then he should stay in business. B) Max should continue to run the tattoo parlor until his lease runs out. C) Max's explicit cost exceeds his total revenue. He should shut down his tattoo parlor. D) This cannot be determined without information on his revenue.

Economics

Describe the difference in market structure between monopoly and oligopoly

What will be an ideal response?

Economics