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Sati [7]
3 years ago
6

What are the 5 merit goods and their functions

Advanced Placement (AP)
1 answer:
Lemur [1.5K]3 years ago
6 0
Answer: Sometimes, merit and demerit goods are simply seen as an extension of the idea of externalities. A merit good may be described as a good that has positive externalities associated with it. ... The essence of merit and demerit goods is to do with an information failure to the consumer.
Hope this helped:)
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