When there is an exchange of goods the laws of supply and demand almost always regulate the transaction. ... No supply exists because digital files can be copied and distributed an unlimited amount of times. ... Because MP3s are often pirated copies of music protected by copyright law, the music industry is filing lawsuits against the P2P software companies. ... By doing this, music fans were offering both non-copyrighted and copyrighted music free of charge. At this point the popularity of MP3s "and the legal problems associated with trading copyrighted material "skyrocketed. ...

• Word Count: 4257
• Approx Pages: 17
• Has Bibliography
• Grade Level: Undergraduate

The recording industry, for the most part, suggests that it is wrong to copy works from others and perhaps return profits for them. ... They don't agree with web sites distributing free music files of which has copyright protection. ... They can advise governments on the laws needed to protect artists and their creations. ... They are the international organization responsible for global copyright protection and enforcement. ... The record industry is trying to fight the major sites and companies in court with copyright suits. ...

• Word Count: 986
• Approx Pages: 4
• Grade Level: Undergraduate

On the one hand, there are those corporate monsters that scream copyright infringement and push with litigation. The recording industry, for the most part, suggests that it is wrong to copy works from others and perhaps return profits for them. ... They don't agree with web sites distributing free music files of which have copyright protection. ... They can advise governments on the laws needed to protect artists and their creations. ... They are the international organization responsible for global copyright protection and enforcement. ...

• Word Count: 1036
• Approx Pages: 4
• Grade Level: Undergraduate