Question:
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)
Answer:
(a)
No, because. (1)
It can be consumed concurrently without affecting the value of people involved in consumption. (1)
(b)
No, because (1)
the exclusive right to use is violated. (1)