Which of the following is a merit good?
A) Local telephone service.
B) Electricity.
C) Health care.
D) Automobiles.
Correct Answer:
Verified
Q52: Social demand is equal to
A)Market demand plus
Q53: Market power may result from
A)Antitrust policy.
B)Control of
Q54: The principal mechanism for redistributing incomes is
A)The
Q55: A natural monopoly is
A)An industry that is
Q56: Monopolies
A)Have great productive efficiency and are always
Q58: When there is a decrease in the
Q59: The development of market power by a
Q60: Which of the following is a merit
Q61: From 2000 to 2010,the public sector share
Q62: Which of the following properly ranks the
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