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.
E)countries around the world all have access to the same technology.

Question

Quizplus · Accepted Answer

Nonrivalry means that the use of the knowledge does not diminish the availability or usefulness of the knowledge to others. In this case, two people can use the same knowledge to develop and produce a product without limiting the ability of others to use that same knowledge.

Knowledge Capital Is Nonrival in the Sense That