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economics question ECON1001E Winter 2020 / Final Exam Information & Placeholder / Final Exam ECON1001 The creation of knowledge is a public good. Because knowledge

economics question

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ECON1001E Winter 2020 / Final Exam Information & Placeholder / Final Exam ECON1001 The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms tend to free-ride on the knowledge created by others and, as a result, devote too few resources to the creation of knowledge. How does the government correct for this apparent market failure? HAM

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