Because general knowledge is not excludable,
A)the government contributes to its production.
B)the cost generally outweighs the benefit to society.
C)private markets will not supply any general knowledge to society.
D)general knowledge cannot be "supplied" to the market by anyone since it is not a product.

Question

Quizplus · Accepted Answer

Because general knowledge is not excludable, meaning that it is difficult to prevent others from accessing it, private markets will not have the incentive to supply it since they cannot charge individuals for its use. Therefore, the government will contribute to its production through public goods and services that provide education, museums, libraries, etc.

Because General Knowledge Is Not Excludable