From an Economist's Perspective, Information Is a Product, but Differs

question 73

Multiple Choice

From an economist's perspective, information is a product, but differs from other goods and services in all of the following ways except which one?

• A)It is expensive to produce, but cheap to copy.
• B)Information created by firms cannot be protected through government laws.
• C)It is expensive to produce, but cheap to communicate.
• D)One firm's use of information does not prevent other firms from simultaneously using the exact same information.

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