Too few resources are devoted to the creation of knowledge because profit-seeking firms
a. undervalue knowledge in their pursuit of revenues.
b. overuse their patents.
c. tend to free-ride on the knowledge that others have developed.
d. tend to rely on existing employee knowledge.
c
Economics
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The Coase Theorem states that ________
A) positive externalities lead to higher market prices B) negative externalities lead to lower equilibrium output C) transaction costs are higher in free markets D) negotiation between economic agents leads to an efficient allocation of resources
Economics
Which of the following is NOT a level of management according to Henri Fayol?
a. planning b. organization c. commanding d. all of the above are levels of management
Economics