Knowledge that is patented is a
A)public good, whereas knowledge that is not patented is a common resource.
B)private good, whereas knowledge that is not patented is a club good.
C)common resource, whereas knowledge that is not patented is a private good.
D)club good, whereas knowledge that is not patented is a public good.

Question

Quizplus · Accepted Answer

Knowledge that is patented is considered a club good because access to it is restricted to those who have permission or pay for it, making it excludable but non-rivalrous. On the other hand, knowledge that is not patented is a public good because it is non-excludable and non-rivalrous, meaning anyone can access it without diminishing its availability to others.

Knowledge That Is Patented Is a