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Explain what is meant by a merit good

      

Explain what is meant by a merit good

  

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marlyne
A merit good is a good which in a paternalistic sense the government believe we should consume. Alternatively, merit goods are goods where need exceeds demand. Most merit goods confer positive externalities on society and therefore would be under consumed if left to the free market. Examples of merit goods include health and education.
marlinbito answered the question on July 6, 2018 at 10:04


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