Devote too few resources to the creation of knowledge., Ask an Expert

Economics

The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms tend to free ride on the knowledge created by others and, as a result, devote too few resources to the creation of knowledge. How does the U.S. government correct for this apparent market failure?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9281239

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