It is occasionally heard that certain confidential information leaks out on the Internet.
(a) Is this leaked-out information no longer a private good? Explain. (2 marks)
(b) Is this leaked-out information afforded by well-defined private property rights? Explain. (2 marks)
No, because. (1)
It can be consumed concurrently without affecting the value of people involved in consumption. (1)
No, because (1)
the exclusive right to use is violated. (1)