Can you elaborate on the issue of copyright law as it was presented in Business Adventures?

The theme of copyright law in the book 'Business Adventures – Twelve Classic Tales from the World of Wall Street' is highly relevant to contemporary issues and debates. The book discusses the case of Xerox and its stance on copyright law, which is a topic that continues to be debated today. With the rise of digital media and the internet, issues around copyright law have become even more complex. The book's discussion on the rights of academic scholars and authors is particularly relevant, as the ease of copying and distributing content online has raised significant concerns about intellectual property rights. Therefore, the book provides valuable insights into the ongoing debates on copyright law.

Companies might face several obstacles when applying the stance on copyright law as demonstrated by Xerox. Firstly, they might face backlash from customers who are used to freely copying content. Secondly, they might face legal challenges if they are perceived to be infringing on copyright laws. Lastly, they might face a decrease in profits as they might lose customers who prefer to copy content freely. To overcome these obstacles, companies could educate their customers about the importance of respecting copyright laws and the potential legal consequences of not doing so. They could also invest in legal advice to ensure they are not infracringing on any laws. Lastly, they could diversify their revenue streams to mitigate potential losses from customers who prefer to copy content freely.