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Hint: There is no right answer; the Professor just wants your well-reasoned opinions for parts 2 and 3 of this discussion post. (For an extended discussion on the law and economics of property rights, check out pp. 8-11 of the Professor’s paper on “The Law & Economics of Literary Fan Art (Links to an external site.)” or pp. 65-73 of the Professor’s paper on “Clones and the Coase Theorem (Links to an external site.).”)

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