The concept of a spillover can be defined as I. the use of non-rivalrous ideas. II. the fact that even with patents, ideas tend to spillover and benefit other firms and consumers. III. an excess supply of good ideas.
A) I only
B) I and II only
C) II and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Spillover refers to the fact that even with patents, ideas tend to spread and benefit other firms and consumers, which is represented by II. The first option is not accurate as it refers to non-rivalrous ideas, but this is not what defines a spillover. The third option may be related, but it talks about an excess supply of good ideas, which is not a necessary condition for a spillover to occur.

The Concept of a Spillover Can Be Defined as I