Copyrights provide authors with a monopoly.What effect would eliminating copyrights have on the price and output of textbooks?Should copyrights be eliminated?Example of answer I need:(a) Eliminating copyrights leads to reduce the monopoly power of determining price and quantity. The price decreases and quantity increases considering elimination of copyrights. Copyrights are helpful to create a monopoly power in the market. Elimination of copyrights illuminates the monopoly of the publisher.(b) Eliminating copyrights has a positive as well as negative impacts. Elimination of copyrights is always beneficial to reduce the price and increase the quantity of books. Poor people can have access of important books if the price is reduced. The elimination of copyright might not be motivate the authors to author good books and the publisher to publish it. Thus, copyrights of the books which are beneficial for the well-being of society should be eliminated.
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