Which of the following is a merit good?
A) Cigarettes.
B) Food.
C) Local telephone service.
D) A computer operating system.
Correct Answer:
Verified
Q55: A natural monopoly is
A)An industry that is
Q56: Monopolies
A)Have great productive efficiency and are always
Q57: Which of the following is a merit
Q58: When there is a decrease in the
Q59: The development of market power by a
Q61: From 2000 to 2010,the public sector share
Q62: Which of the following properly ranks the
Q63: Which of the following occurs when the
Q64: The fastest-growing areas for state expenditures are
A)Education
Q65: The Social Security tax is
A)A progressive tax.
B)A
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