When a company is granted a patent by the U.S. government, Select one: a. a piece of general knowledge becomes excludable. b. a piece of specific, technical knowledge becomes rival in consumption. c. a piece of general knowledge becomes rival in consumption. d. a piece of specific, technical knowledge becomes excludable.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
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When a company is granted a patent by the U.S. government,
Select one:
a. a piece of general knowledge becomes excludable.
b. a piece of specific, technical knowledge becomes rival in consumption.
C. a piece of general knowledge becomes rival in consumption.
d. a piece of specific, technical knowledge becomes excludable.
Transcribed Image Text:When a company is granted a patent by the U.S. government, Select one: a. a piece of general knowledge becomes excludable. b. a piece of specific, technical knowledge becomes rival in consumption. C. a piece of general knowledge becomes rival in consumption. d. a piece of specific, technical knowledge becomes excludable.
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