Externalities, merit and demerit goods and public, quasi public and private goods
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?- Created by: Jade
- Created on: 01-12-12 15:54
Other questions in this quiz
2. Negative externalities result in?
- Overproduction
- Underproduction
3. What is a merit good?
- Merit goods have more private benefits than consumers actually realise
- Merit goods, their consumption is more harmful than consumers realise.
4. Merit goods are?
- Under produced and under consumed
- Over produced and over consumed
5. If the market does NOT take negative externalities into account the result is that the socially efficient output is ______ than the current output.
- Less
- More
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