1. Poor countries that join the World Trade Organization (the WTO) must agree to
ID: 1247836 • Letter: 1
Question
1.
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.
Is it efficient or inefficient if people in poor countries create cheap copies of drugs, music, software, and textbooks? Explain using the concepts of marginal benefit, marginal cost, total surplus, and deadweight loss.
Format
Length should be one page, single spaced.
Make sure you answer all the parts of each question.
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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.
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Explanation / Answer
is too late
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