You are viewing a single comment's thread from:

RE: Intellectual Property: A Government Protected Monopoly

in #anarchism8 years ago (edited)

All other things being equal, an increase in supply of a scarce, rivalrous resource relative to demand will result in a decrease in price. Supply and demand only applies to scarce, rivalrous resources, though. Information is nonscarce in that it can be infinitely replicated without consuming the original, which means the supply is infinite.

Sort:  

This "scarce, rivalrous resource", business? That describes crude oil and other extracted commodities. Not intellectual property.