The creation of technology is hampered by the fact that:
A) ideas are rival goods.
B) ideas are easily excludable in a variety of ways.
C) patents and copyrights are awarded or enforced in all countries.
D) knowledge is often nonrival in nature.

Question

Quizplus · Accepted Answer

The creation of technology is hampered by the fact that knowledge is often nonrival in nature. This means that once an idea or knowledge is created, it can be used by multiple individuals or companies without reducing its availability to others. This leads to difficulties in excluding others from using or reproducing the idea, which in turn reduces the incentive for individuals or companies to invest in creating new technology.

The Creation of Technology Is Hampered by the Fact That