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1.6.3 nature and definition of merit goods: under-consumption as a result of imperfect information in the market
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What Is a Merit Good?

What Is a Merit Good?

A merit good is under-consumed because consumers have imperfect information about its true benefits. It also involves a positive value judgement that society ought to consume more of it.

1.6.3 nature and definition of merit goods: under-consumption as a result of imperfect information in the market Lesson

  1. Intl A Level
  2. /Economics
  3. /1.6.3 nature and definition of merit goods: under-consumption as a result of imperfect information in the market

Step-by-step lessons on CIE Intl A Level Economics 1.6.3 nature and definition of merit goods: under-consumption as a result of imperfect information in the market. Each one builds up to exam-style questions.

Lessons