As with many public goods, determining the appropriate level of government support for the production of general knowledge is difficult because:
A)members of parliament are often experts in the sciences
B)patents correct an unknown portion of the externality
C)benefits are hard to measure
D)all of the above are true

Question

Quizplus · Accepted Answer

General knowledge production benefits are hard to measure, making it difficult to determine the appropriate level of government support.

As with Many Public Goods, Determining the Appropriate Level of Government