Saturday, March 08, 2008

nit 2: Merit and demerit goods

From the tuto2u blog comes this list of merit/demerit goods compiled by his students

http://www.tutor2u.net/blog/index.php/economics/comments/merit-and-de-merit-goods/#extended

a) Can you explain why each is a merit/demerit good (ie information failure and externality)?
b) Whast others can you add to the lists?

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