Mathematics, 07.03.2020 00:06, jessejames48

The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms tend to free-ride on the knowledge created by others and, as a result, devote too few resources to the creation of knowledge. How does the government correct for this apparent market failure?

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The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms...