In evaluating the rhetoric and proposals advanced by the PROs, and music publishers, it is important to be mindful of the distinction between a “fair market” and a “free market”. The copyright owners use these terms interchangeably, yet these terms are not synonymous. At the most basic level, “free market” rates are the rates that a seller would obtain in an idealized market, free from any government intervention in the form of taxes, subsidies, or regulation.
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