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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Definitions:

Ethics Training

A program designed to teach employees about the principles, standards, and behaviors expected in a professional environment to encourage ethical decision-making.

Employee Behavior

Refers to the actions and conduct of individuals in a workplace setting, which can directly impact organizational culture, productivity, and overall business operations.

Social Responsibilities

The obligations of individuals, organizations, and societies to act in ways that benefit the welfare of the community and environment beyond their own interests.

Wide-Ranging Disagreement

Refers to extensive or broad-based conflict of opinions or beliefs among individuals or groups.