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Question
question 12 (1 point)
why are authors allowed to be monopolists in the sale of their books?
in order to correct for the negative externalities that the internet and television impose
in order to promote a society in which people think for themselves and learn from whichever books they please
in order to encourage authors to write more and better books
in order to satisfy literary advocacy groups that exercise their lobbying power
Authors are granted monopoly - like rights (through copyright laws) to have exclusive control over the sale of their books. This is based on the economic principle of incentivizing creation. If authors did not have this exclusive right, others could freely copy and sell their books without compensating the author. With no financial incentive, authors would have less motivation to invest time, effort, and resources into writing. By allowing authors to be monopolists (in the sense of having exclusive rights over their work's commercial exploitation) through copyright, it encourages them to produce more literary works (more books) and strive for quality (better books) as they can earn returns from their creative efforts.
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In order to encourage authors to write more and better books