Assess whether governments should always support the provision of merit goods in markets such as those for education or health care.
Exam No:9708_s25_qp_24 Year:2025 Question No:2(b)
Answer:
Knowledge points:
1.6.3 nature and definition of merit goods: under-consumption as a result of imperfect information in the market
3.1.2 addressing the over-consumption of demerit goods and the under-consumption of merit goods
Solution:
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