Economics · Public Goods
Which of the following statements is correct regarding merit goods? (A) Merit Goods are provided through the public budget but without taking into account individual consumer preferences. (B) Merit Goods are intended only for certain high-income groups of the community and their consumption is limited by the distribution of income. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither (A) nor (B) is correct.
- 2Both (A) and (B) are correct.
- 3Only (B) is correct.
- 4Only (A) is correct.✓
Correct answer
Only (A) is correct.
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