A company that formerly produced software went out of business because too many potentialcustomers bought illegally-produced copies of the software instead of buying the product directlyfrom the company. This instance serves as an example ofSelect one:a. a. market power. b. b. market failure. c. c. inadequate enforcement of property rights. d. d. the invisible hand at work.

Question

Business

Adalynn Ibarra

16 May, 23:08

A company that formerly produced software went out of business because too many potentialcustomers bought illegally-produced copies of the software instead of buying the product directlyfrom the company. This instance serves as an example ofSelect one:a. a. market power. b. b. market failure. c. c. inadequate enforcement of property rights. d. d. the invisible hand at work.

+4

Answers (1)

Know the Answer?

Cody Nguyen · Answer 1

c. inadequate enforcement of property rights.

Explanation:

A company that previously provided software moved out of marketing because too many potential consumers bought illegally produced copies of software alternatively of buying the product straight from the company. this instance works as a model of inadequate enforcement of property rights. Basically, property rights remain speculative socially-enforced constructs in commerce for ascertaining how a resource or business asset is utilized as well as occupied.