Knowledge capital is nonrival in the sense that
A)two people can use the same knowledge to develop and produce a product.
B)firms do not compete to be the first to develop new technologies.
C)no single company can be excluded from the benefits of new technologies.
D)firms can benefit from the research and development of rival firms without paying for that benefit.

Question

Quizplus · Accepted Answer

Nonrivalry refers to the characteristic of a good or resource that can be used by multiple individuals or firms simultaneously without reducing its availability or quality. Knowledge capital falls under this category because knowledge can be shared and used by multiple individuals or firms to produce goods and services without depleting its availability. Hence, two or more people can use the same knowledge to develop and produce a product.

Knowledge Capital Is Nonrival in the Sense That