Because Knowledge Capital Is Nonexcludable and Nonrival,firms Have an Incentive

question 102

Multiple Choice

Because knowledge capital is nonexcludable and nonrival,firms have an incentive to ________ the research and development of other firms.

• A)make bids on
• B)not use
• C)ignore
• D)free ride on

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Definitions:

Legal Action

A formal process of seeking justice or resolving disputes through the law court system.

Conflict Theorists

Scholars who view social conflicts as the basis of society and social change and emphasize a materialist view of society, critical of the status quo.

Mass Media

Refers to various forms of media technologies used to communicate and disseminate information to large audiences via mediums such as television, radio, newspapers, and the internet.

Government

The governing body of a nation, state, or community which makes and enforces laws.