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The use of file-sharing technologies, so-called Peer-to-Peer (P2P) networks, to copy music files has become common since the arrival of Napster. P2P networks may actually improve the matching between products and buyers - we call this the matching effect. For a label the downside of P2P networks...
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in equilibrium. However, government monitoring may not result in complete deterrence of piracy. Further, the MNC shifts …
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