A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2024 · Q131 Mark
What explains the underconsumption of merit goods?
ATheir value is not fully understood by consumers.
BThey are unproductive goods and services.
CThey can only be provided by the government.
DThey are only provided by private sector businesses.
✓ Correct answer
A: Their value is not fully understood by consumers.
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